Andrey Omelchak

Volatility has been present, but the market continues to go up. First of all, it's very important to stay invested. Don't try to time when to get out and when to step back in -- a mistake that retail investors make over and over again, and that's why they tend to underperform the market by a significant margin.

The AI data centre buildout has been a major theme. As well, the shortage of power infrastructure and electrical capacity constraints. 

In Canada, Build Canada is a massive investment theme.

And defense. For obvious reasons, budgets are increasing.

As for SaaS companies, it feels to him as though we're in the bottoming process. The market's getting smarter about who will benefit from AI and who will be disrupted. He notices governments being extremely cautious on AI with respect to access to sensitive data.

He's worried about the dividend, too; cutting it would put them in a much better position. Payout ratio very high. Issues with leverage. Trying to divest various non-core operations. Telus Health doing well, but telco sector is challenged.

Pressured by risks surrounding AI. Those risks are overblown, and are abating. In fact, it will benefit from AI. Though pricing structure will change, should lead to margin expansion. Participating in the data centre buildout.

High quality, really well run. Contrary to what many investors think, very little in common with GSY. Selloff is buying opportunity. Private credit concerns do not apply here.

Divesting non-core US operations (taking longer than expected). Has 2% market share, could get 10+% easily. In process of IPO'ing its crown jewel technology company -- doing really well, should command healthy multiple.

Very bullish, despite stock runup. He wouldn't be trimming or selling aggressively.

Big backlog. Clear path to margin expansion. Directly exposed to Build Canada theme. Multi-year visibility for business to grow organically at fast pace. Strategic acquisitions. Top management.

The part of the business he's familiar with is modular housing (which is also portable), and he's very bullish on that. That business is booming. Will benefit from Canada Builds Homes and infrastructure initiatives.

Selloff in SaaS is very much overdone. AI won't disrupt its business model; in fact, the least exposed to AI disruption because it's so vertically integrated. Actively implementing AI across the company. Company expects margin improvement from recent acquisition.

Exited in favour of LMN.

How difficult is it to implement the software solution? How mission-critical is it? How sensitive is the data it has access to? How much of the product offering is purely software? Is it easy to disrupt?

The type of business itself is also a factor.

Trying to fill its excess capacity after years of investing in the US. Seems to stumble over and over in filling capacity. A bit exposed to economic cycle. Need to see better execution.

Accounting practices are a bit aggressive, he's not a fan.

(Note the short timeframe.)  Still as bullish. Expanding into defense verticals. Also talking about robotics and warehouse automation. Customers are looking for alternative vendors to China. Tripling production capacity at fledgling New York facility.

Grew organically ~40% last year, aiming for 30% this year.

(Note the short timeframe.)  Organic improvements plus coming out of freight recession. He just sold his position to deploy proceeds elsewhere. (Industry's still improving, so perhaps he sold too early.)

(Note the short timeframe.)  Lots of challenges. In deep-value territory. Missing a positive catalyst. Exposed to tariffs, especially as we head into CUSMA negotiations. Management is now cautious on 2026. Elevated leverage. 

Less visibility for a few quarters, so he exited. Waiting for a catalyst to get back in. If you're patient for 2 years minimum, potential for high upside.

Business is doing really well. Backlog growing nicely. Fits in really well with nation-building and defense. Cat's out of the bag on this name. 

Can still make $$ if you have a longer view. He'd put capital to work today and hope for a pullback (not sure if you're going to get it).