Savaria Corp

SIS-T

It has done well for his membership. They have a premium valuation but they make good acquisitions and are now expanding into the US. Insiders have a pretty high holding. Momentum remains fairly high.

He says this company is right in the best demographic area, selling mobility aids to homeowners. The one knock is that it is generally viewed as expensive. He does not own it, but would buy it on a pull-back.

Had sold his holdings based on valuation, and then the stock continued to go up. A great company and thinks they are going to continue to do very well. They have the wind at their back from a demographic standpoint, as they continue to make lifts and mobility devices for older people. Probably has a long runway. He would wait for an opportunity to buy on a pullback.

Involved in mobility products and services. As people age and mobility becomes restricted, they have the equipment such as scooters, lifts, etc. Has an existing franchise and product line, and are using their free cash flow to be acquirers. Recently acquired an Australian company. However, it’s expensive right now, so wait for a pullback. A well-run company.

It should continue going up, because it is kind of being discovered. It has come into the market, and people are getting to know it. It is your ultimate in Canada listed wheelchair/stair lifts. A very strong company.

One of his favourite companies. They do elevator lifts. They purchased a US company which does products for things like mattresses for people with access ability issues. It was a pretty big company they purchased and there is going to be a lot of cross-selling potential between the 2. Valuation is high, but longer-term, they are in a good space. They make smart acquisitions and there is good insider ownership. Also pays a nice little dividend. Right now, it is kind of hitting overbought ranges so he wouldn't go in on a full position, but would average in.

Owns a big portion of this, and really likes management. The CEO owns 30%-40% of the company. They continue to grow earnings fairly well. Have made some strategic acquisitions where there was quite a bit of synergy. It’s currently trading at an all-time high. Demographics are playing into what they do. Continues growing earnings and their top line.

One of his favourite companies. They do accessibility solutions, such as adapted vehicles, elevator lifts, chairlifts, etc. Acquired Span America about a year ago which does cushions and beds, so the company now has pretty much an end-to-end offering for people with accessibility issues. There is a lot more torque with every sale they have. There are also cross-selling opportunities. Expect they will continue making international acquisitions.

Founded in 1979 and a Québec businessman bought it out 10 years later for $100,000. He is now approaching $148 million in revenues, and hopes to march onto $500 million by 2021. One of the great specialists in the world with equipment that helps aged people improved their balance through stair lifts and other things that improve mobility. He is dedicated to 17% pre-EBITDA margins. Dividend yield of 2.4%. (Analysts’ price target is $17.)

One of his top positions. He bought more below $12. It is an expensive stock in a fast growing space. It is the only safe way to play the aging demographic.

A small cap company that came out of the darkness about a year ago. It went quiet again, but is acquiring things quite aggressively in chair lifts and aids to the elderly area. Just made another small tuck in acquisition. Dividend yield of 1.9%. (Analysts’ price target is $17. )

He recently bought this in the $11 range. They manufacture mobility tools for elderly people, so the demographics are good.

One of his biggest positions. They have done well in terms of growing their business organically. They make mobility aids. They acquired a company in the US that makes mattresses for institutions. Management have done a good job of growing SIS-T organically, but now are making a very opportune acquisition in the US. The stock is not cheap, but the demographics are blowing a huge tailwind into it.

He likes the story. They do chair lifts, etc. for people who want to stay in their homes. The multiple is getting quite stretched. Raised some money and then did an acquisition. Thinks the acquisition is going to be highly accretive and make it a much bigger company. Likes management.

This helps with wheelchair assess ability, and things like that. A very demographically advantaged business for the next several years. It seems to be quite well-run and has insider ownership. Certainly seems like it is worth owning.