Stingray Digital Group Inc. (RAY.A.TO)

Streaming media, with 3 main verticals. Double-digit growth plus margin expansion. Smart and strategic acquisitions, which will accelerate organic growth. 

Partnerships with car companies will start contributing to the bottom line more significantly starting in 2027. Strong FCF. High insider ownership. Potential takeout candidate. Yield is 2.13%.

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.

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.

A Top Pick August 21/2017, Up 9%) Pays a small dividend. Make a radio station acquisition he didn’t like, so he exited. Could be interesting for dividend growth.

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)

Music on your cable box. They put up a good quarter recently and raised their dividend. There is insider trading. It is going to become a street darling. It is somewhat illiquid. (Analysts’ target: $10.00).