Lightspeed Commerce Inc (LSPD-T)

Not a good short term hold.
Payment systems tech getting lots of attention.
Recent tech sector pullback has driven shares lower. 
Company not earnings positive yet.
Waiting until company is profitable before buying.

Last week for the first time in quite a while, some info tech names showed up on relative strength. See his Top Picks. Be quick to limit risk near recent lows of the last week or two. Signs of a positive shift, especially in the US, towards info tech. Still, given higher rates and the sensitivity in the economy, he still favours financials, industrials, and materials.

Company unable to generate profits.
IPO sold at very high price.
Shares have sold off considerably. 
Not a good time to buy shares.

Neither fits his criteria. Hasn't shown ability to produce consistently high ROIC. LSPD still losing money. NVEI's PE ratio is in the 70-90 range. Neither has the proven business model he's looking for; you can lump in DND, SHOP and DCBO too. No track record. Relying on large and lumpy acquisitions, many done at nosebleed valuations. Relies on debt to fuel acquisitions.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong revenue growth rates. Unique position in the hospitality Point of Sale industry. Potential for future acquisitions. Valuation has become reasonable. Unlock Premium - Try 5i Free