Stock price when the opinion was issued
(Note the short timeframe.)
Just getting started. Just announced phenomenal growth and results. Demonstrated proof of the business model by making highly accretive acquisitions and integrating well. ROIC can be more than 25%. Will keep acquiring at high rates of return, which increases intrinsic value per share. Absolutely would still buy here.
Acquisition integrated extremely well. Has proven whole business model. One of the bests compounders in Canada. Increasing opportunities to deploy capital. Expecting another acquisition this year. Very strong buy at these levels.
Ideal would be to own the whole ecosystem of LMN, TOI, and CSU. But LMN is the most exciting one today.
Always start with the big picture chart (3 years at least), and then move down. This 3-year chart is in an uptrend, so now we can go back to the YTD chart. Broke out of its base, but has pulled back from the uptrend. Don't want to see it break the previous low, and we're there today.
If it bounces up, that's good.
Slowdown in M&A on this name, so it's lagging both CSU and TOI. And that's why he chose it this time around. As soon as the M&A picks up, stock should rerate higher. High quality. No dividend.
(Analysts’ price target is $52.67)