Fabrice Taylor Stingray Digital Group Inc. RAY.A-T PAST TOP PICK Sep 07, 2018

This music media company produces music for cable companies. It trades at only 13 times earnings and could easily trade at higher multiples. They just bought a radio company that will be very accretive to earnings. The dividend has been increasing steadily. They have over 400 million users in over 156 different countries. Yield 2.6%. (Analysts’ price target is $11.64)

It is a very cheap company. They are in the passive music business like a radio station. They are very different to Spotify. They are in a slower growth industry. They are buying up radio-station-like businesses. The big growth recently was buying a radio station out east. Don't expect it to expand to a ten times multiple. He would want momentum to come back to the name.

Is fairly illiquid, but profitable and pays a 6.6% dividend. Price targets are high, so there's a runway ahead. But two-thirds of the business is concentrated in Canada, and a big risk is if song royalties rise. It's profitable though. He's watching it.