President and CEO at Bedford Park Capital
Member since: Aug '21 · 204 Opinions
Rotation from "Mag 7" into small cap stocks happening in USA & Canada. Institutions are moving into Canadian small cap stocks, which have started to out-perform. Expecting this trend to continue. Finding small cap stocks that are setup for 30%-40% gains (trading at single digit valuations). Traditional valuation metrics apply, but larger pools of capital usually don't invest in smaller companies. Lower interest rates should be helpful to small cap stocks (less expensive to service leverage).
Most recent addition to portfolio. Believes lots of opportunity in energy services. Active in well construction (cheaper & safer). Attracted to the new product line that will offer recurring revenues. Expecting a re-rate on the stock price as a result. Pristine balance sheet, good management. Expecting further share price appreciation.
Long time investor. Has owned for over 10 years. Recent share price weakness a good time to buy. Market has oversold some of the recent announcements. Expecting loan book to grow to $6 billion. $30/share earnings not out of the question. A 6x earnings multiple would imply a ~$180 share price.
Recent addition into portfolio. Stock not as cyclical as perceived. Backlog of work projects very good. Work and revenue is guaranteed from the customers. Recent earning announcements very strong. Recent dividend increase by 50% very strong. Company growing to a size where larger investors start to invest.
Excellent company with strong prospects. Will continue to own. Founder led, with lots of skin in the game. Demand of housing expected to keep growing. Does not lose any sleep over company. Mid-market apartments also continue to grow. No rent control in Western Canada - helps increase profits. Lots of "blue sky" to keep growing.
Excellent company with strong prospects. Will continue to own. Spin off from Constellation software. Will continue adding when share price is weak. Excellent margins with software products. Able to do large acquisitions.
Excellent prospects - energy service company with recurring revenues. Able to reduce debt. Recent M&A very strong - Trican partnership very good. Trading at 4x earnings - still cheap. Will continue to own. Expecting further share price appreciation.
Used to be a good "compounder" (~20% annually). However, growth has slowed to around 10%. Is watching, but not investing at this time.
Does own shares. Is a great investment. Well run business with good management. Excellent balance sheet with expanding margins. Could be a good takeout target.
Has owned shares for a long term. Was a previous top pick. Will continue to own. Power division doing very well. Traditional oilfield services stock. Gas generator business very good. Expecting large growth going forward.
Likes the company (good market position), but stock is over valued. Also, capital intensive business - returns are not great.
Has looked at in the past, but believes stock has always been over valued. Trend is towards digital health, but not investing at this time. Will continue to watch. If margins increase, might invest.
Primarily an income vehicle (bond proxy). Hard to growth pizza growth for capital returns. Could be a good option for dividend investors. ~7% income is good option.
Growing quickly, but not investing at this time. Good yield, but not major capital appreciation. However, ~5% dividend yield is safe.
Company has been disappointing lately. 2020 was a good year, but since then growth has slowed. Earnings not matching expectations. Share price is cheap, but better options out there for investors. Has sold shares. Management team not meeting with investors enough.