Stephen Takacsy, B. Eng, MBA MDF Commerce Inc. MDF-T PAST TOP PICK Jul 26, 2023

Still owns it. Came down with all tech stocks, and they made a costly acquisition. Also have an e-commerce business with clients like Sobeys; he thinks MDF may sell this and become a pure e-procurement company. He sees upside, because they have valuable businesses they can sell. Shares remain cheap. Growth will resume in the US with a recently acquisition.

eCommerce aggregation business.
Does not own stock.
Growth and profitability not strong enough.
Paying down debt which is good for the company.
High valuation would suggest better names to buy.

Good results last night. Turnaround in profitability, nice organic growth. Wouldn't be surprised if it was acquired. Great commerce platform in the US.

It develops business to government and e-commerce platforms. It is the number one player in the U.S. and has some recent, very significant contract wins. It is a great turn-around story and is now profitable with positive free cash flow along with 80% of revenue being high margin. He sees good growth.             Buy 2  Hold 2  Sell 0

It's gone through a couple of management team changes. There are better and more profitable places to be in technology.

His biggest position. Not happy with KKR's offer of $5.80. Worth more. Still time for a higher bidder to come forward. Early days for digitizing procurement systems. De facto leader in that space. He's not selling, counting on biggest shareholder to negotiate a higher price.

Not really the CEO driving the process. It would be the board's decision whether to sell a company or to replace management. You can read the circular that came out. 

It was bought out, an undervalued Canadian tech company as leaders in e-procurement in both Canada and the U.S. This stock was too cheap for too long, then KKR bought it last May. He thought the buying price was way too late.