Bruce Murray

A leader across the entire communication sector, set top boxes and all the things Rogers and BCE need. They have server farms and cell phones. Management has a strong record of growth, acquisitions and profitability. It generates 25% of its revenue from infrastructure software. The dividend has grown every year. He sees it growing its earnings 10% and its multiple increases 10-15%, it will generate a very nice return per annum for several years. (Analysts’ price target is $529.45)

(A Top Pick Dec 01/20, Up 2%) He would buy it again. He thinks it is worth $100 or more. It may be caught up in the global semiconductor shortage. They have had significant wind in electric and hybrids. The skyjack division is a big company and one of their biggest customers is United Rentals and it has been flying. The LNR-T stock is cheap on a statistical basis.

Market He is seeing opportunity in the market. The COVID opportunity still has legs The delta wave has created a second down wave and there are opportunities for recovery stocks like AC-T. He believes the industrial sector, that is suffering from chip problems, that as it works through the system over 1-2 years there will be significant upside in some companies. The traditional growth stocks may under-perform in the next year but after that you should stay with them.

It is an interesting name. It is very focused on particular interest groups in the social media space. It did well during the pandemic and has pulled back. He does not think it will gain market share from the other social media companies. He would prefer FB-Q or GOOG-Q.

The former Encanna moved to the US. It was a disappointment to the market. During the pandemic they decided to move it to the US from where the new CEO was managing the assets. See his top picks today. It would be okay to own this as a short term play.