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Colin Stewart Logistec Corp LGT.B-T PAST TOP PICK Feb 19, 2025

(A Top Pick Oct 26/21, Up 51%)

(Note: acquired in January 2024)  Bought out by a large private equity fund that focuses on infrastructure.

Colin StewartColin Stewart
No
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$66.950

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TOP PICK

Logistec Corp(LGT.B-T)

Dec 12, 2019
Marine cargo handling and environmental services. Both are doing very well. They stumbled on integration of an acquisition last year but those problems are largely behind them.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$41.000

Stock price when the opinion was issued

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TOP PICK

Logistec Corp(LGT.B-T)

Oct 26, 2021
No price target They operate port terminal across the continent. So, there's great demand for their services, given the lack of port capacity. Pension funds buy and hold these kinds of infrastructure stocks. LGT enjoys nearly a monopoly and operates like a tolling business. Also, they have a renewable water business, given trends for clean drinking water and old piping systems in cities in North American that need upgrading. They boast a lot of free cash flow and trades at 7.5x EBITDA. It's not very liquid, but it's a hidden gem.
Colin StewartColin Stewart
Owned
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$42.400

Stock price when the opinion was issued

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TOP PICK

Logistec Corp(LGT.B-T)

Jan 20, 2022
Marine cargo handling. Business is booming. Also environmental division involved in water infrastructure technology and repair, soil remediation. Expecting record results in March. 12x PE. Hugely undervalued. Should easily go back to old highs of high $50s and surpass that. Well managed. Yield is 0.95%.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$45.250

Stock price when the opinion was issued

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TOP PICK

Logistec Corp(LGT.B-T)

Feb 25, 2022
Strong business performance with recent supply chain problems. Share price should be around $60-70 (currently trading at $45). Only company on TSX that provides exposure to port infrastructure. Expecting record financial results. Strong environmental division involved in soil remediation. 12-13x P/E trading multiple. Business has very high barriers to entry.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$45.000

Stock price when the opinion was issued

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BUY

Logistec Corp(LGT.B-T)

Nov 07, 2022
A very high quality, undervalued company with record results last week. Is in the business of loading and unloading ships and is directly connected with the energy and infrastructure fields. Marine cargo is booming. It is highly diversified and doing well on the environmental side too.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Unknown
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$42.000

Stock price when the opinion was issued

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PAST TOP PICK

Logistec Corp(LGT.B-T)

Dec 05, 2022
(A Top Pick Jan 20/22, Down 8%) They have owned this for 17 years. It is in the marine cargo business in 54 North American ports and business is booming - $450 million. They have had record results this year and he is expecting $900 million. It is also in the quickly growing environmental business and is involved in water infrastructure. It makes liners to fix water pipes thereby eliminating the need to tear streets up. It also has a mediation component. The company is well managed and is buying back shares.
Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$41.500

Stock price when the opinion was issued

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PAST TOP PICK

Logistec Corp(LGT.B-T)

Jan 30, 2023
(A Top Pick Jan 20/22, Down 9%)

Has owned if for 15 years and made 8x his money. Would buy it now. They unload cargo from ships, and business is booming in North American ports. Their environmental division is growing fast, owning proprietary tech to repair water pipes. Company has been reporting record results. The PE has never been lower at 10x.

Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$41.500

Stock price when the opinion was issued

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TOP PICK

Logistec Corp(LGT.B-T)

Mar 27, 2023

It is in the marine cargo handling business with over 60 ports in North America. It recently made a very big acquisition which gives it a very strong position in the Great Lakes area. Has had record results of $4 per share and trades at10X P/E. They have owned it for many years and it hasn't been this cheap in a long time. The other side of the business is in environmental services including soil/water remediation and water pipe repairs - they have a record backlog. 

Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

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PAST TOP PICK

Logistec Corp(LGT.B-T)

Mar 28, 2024
(A Top Pick Mar 27/23, Up 53%)

Acquired by private equity. Likes the environmental space so much they parlayed proceeds into Canada's first Global Biodiversity Fund, comprised of about 40 stocks. 

Stephen Takacsy, B. Eng, MBAStephen Takacsy, B. Eng, MBA
Owned
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$66.950

Stock price when the opinion was issued

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