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    Top 8 Canadian Stock Picks under $10 – Growth Stocks, NO Oil, NO Gas, NO Mining

    Martin L. Posted On September 19, 2018
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    Top Picks under $10

    [adinserter block=”4″]

    If you are looking for stocks under $10, you’ll find a bunch of Energy Stocks.

    We don’t like resources stocks (Oil, Gaz, Mining).

    We browsed the Top Picks for you to select growth stocks and build our Top 8 Canadian Stock Picks under $10.

    I call those industries (Oil, Gas, Mining) Capital Destroyers, as all are cyclical, ebbing and flowing through the years, with little cash flow predictability, and hardly any sustainable wealth creation to be seen.
    Robin R. Speziale

    Discover What's Inside

    • Growing faster than its US peers…
    • Trading at 13 times earnings…
    • A lot of these companies have been taken over…
    • They just won a $100 million contract…
    • They doubled the size of the company…
    • Generates a lot of free cash flow…
    • Strong management team…
    • It has over 4 million mobile users…

    Growing faster than its US peers…

    StorageVault Canada (SVI-T) — Stockchase
    StorageVault Canada (SVI-T) — Stockchase

    Opinion about SVI-T: He bought this last year and feels it is fundamentally undervalued. There are challenges in the real estate space. It has a very good cash return and charges clients every two weeks , instead of bi-monthly. This gives it an extra payment. It focuses on value creation and optimizing operations. A comment…

    stockchase.com stockchase.com
    SVI chart by TradingView
     

    The management team has done a great job.  The business is growing faster than its US peers.  They have put $800 million into buying assets and increasing rental rates on a per foot basis.

    Mike Archibald

    Trading at 13 times earnings…

    Stingray Digital Group Inc. (RAY.A-T) — Stockchase
    Stingray Digital Group Inc. (RAY.A-T) — Stockchase

    Opinion about RAY.A-T: 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.

    stockchase.com stockchase.com
    RAY.A chart by TradingView
     

    This music media company produces music for cable companies. It trades at only 13 times earnings and could easily trade at higher multiples.

    Peter Hodson

    A lot of these companies have been taken over…

    GMP Capital Trust Inc (GMP-T) — Stockchase
    GMP Capital Trust Inc (GMP-T) — Stockchase

    Opinion about GMP-T: Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Investors responded positively to news that avoids a proxy fight for Richardson, which they will fully take over. They are expected to buy back $40M which will result in greater per share earnings leverage. Unlock Premium - Try 5i Free

    stockchase.com stockchase.com
    GMP chart by TradingView
     

    A lot of these companies have been taken over.  They are raising money for marijuana and crypto currency stocks.

    Benj Gallander

    They just won a $100 million contract…

    Covalon Technologies (COV-X) — Stockchase
    Covalon Technologies (COV-X) — Stockchase

    Opinion about COV-X: (A Top Pick Aug 08/18, Down 78%) They had a $100 million contract from the Middle East, but the revenue in the deal has been delayed. COV had huge promise and now it's Show Me The Money. The revenue delay is hurting them. Also, they had a recent stock issuance. But insiders…

    stockchase.com stockchase.com
    COV chart by TradingView
     

    This company makes wound dressings for medical devices and just won a $100 million contract overseas.  Earnings growth is going to massively accelerate with the new contract.

    Peter Hodson

    They doubled the size of the company…

    Sangoma Technologies Corp. (STC-T) — Stockchase
    Sangoma Technologies Corp. (STC-T) — Stockchase

    Opinion about STC-T: The chart shows a massive spike up, massive drop, and now recovery in the past year.  They likely paid too much for a company in 2022 and were trading at a high PE. He had added shares in 2023-4 after a new CEO started bundling products, focus on margins and integrated companies.…

    stockchase.com stockchase.com
    STC chart by TradingView
     

    They are involved in telephony and telephony products.  He thinks the street has the story a little bit wrong.  They basically doubled the size of the company.

    Gerard Ferguson

    [adinserter block=”2″]

    Generates a lot of free cash flow…

    Element Fleet Management (EFN-T) — Stockchase
    Element Fleet Management (EFN-T) — Stockchase

    Opinion about EFN-T: Company based on effective management of auto fleets for corporate accounts. New apps and technology is allowing for better management of business. Recent share price strength good for long term investors - but would wait to buy on weakness. Overall a strong business. 

    stockchase.com stockchase.com
    EFN chart by TradingView
     

    It’s the North American and Australian leader in fleet management. Generates a lot of free cash flow. Trades at a discount to book value at 8x next year’s earnings.

    Alex Ruus

    Strong management team…

    Brick Brewing Company Ltd. (BRB-T) — Stockchase
    Brick Brewing Company Ltd. (BRB-T) — Stockchase

    Opinion about BRB-T: (A Top Pick Jun 18/18, Up 1%) Still likes it. It's well-run. They're growing their brands and they have a big opportunity to get into cannabis beverages which will be legal in Canada in October 2019. BRB is well-positioned for this and this market could be very large.

    stockchase.com stockchase.com
    BRB chart by TradingView
     

    Fifth largest brewer in Canada. New facility only operating at half capacity, so room to grow. Strong management team. A big, efficient producer which could roll up the smaller brewers. Could also be a takeout target in future.

    Colin Stewart

    It has over 4 million mobile users…

    Strathcona Resources (SCR-T) — Stockchase
    Strathcona Resources (SCR-T) — Stockchase

    Opinion about SCR-T: Thoughts on the offer? Both SCR and MEG held in taxable account. He's not an M&A guy. If you want a really good answer, ask somebody else 😉  A board will often reject something like this because they think it should be higher. And maybe a competitor will come along with a…

    stockchase.com stockchase.com
    SCR chart by TradingView
     

    This is the second-leading app in sports news and data in North America. It has over 4 million unique mobile users but a market cap of only $75 million. He expects this company to be sold for a much higher price.

    James Hodgins
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