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Has had it as a Top Pick in the past. Both their leasing business and Air Canada flights were very hard hit by the pandemic. Their collection rate for leases is at 60%. The Air Canada business gives them steady income though. Undervalued here. A riskier return to work play. 7x earnings, 7x EBITA. Scores well on value but price momentum has been bad until recent news of someone approaching them.
Has had it as a Top Pick in the past. Both their leasing business and Air Canada flights were very hard hit by the pandemic. Their collection rate for leases is at 60%. The Air Canada business gives them steady income though. Undervalued here. A riskier return to work play. 7x earnings, 7x EBITA. Scores well on value but price momentum has been bad until recent news of someone approaching them.
(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.
(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.
