Today, Greg Dean, CFA and The Panic-Proof Portfolio (Stockchase Research) commented about whether STCN-Q, ROIV-Q, LNG-A, LUCK-N, NVDA-Q, ASO-Q, EQNR-N, SMCRT-OL, 6532-JPY, AW-T, SYZ-T, LMN-X, LGN-X, TCS-T, DSG-T, TIH-T, MEQ-T, MEDP-Q, SPB-T, ATZ-T, SIS-T, KEY-T, BKBR3-BZ, MIDD-Q, Z-Q, AD.UN-T, PET-T, JWEL-T, PRL-T, HPS.A-T, EFN-T, ESQ-Q, CSW.A-T are stocks to buy or sell.
Successful, stable. Company structure now brings operating and royalty businesses together. Owns national rights to Pret a Manger. Topline growth of 5%, and bottom line growth of 10%. Big transition in shareholder base from royalty stream holders; now more risk, but more upside. Private equity plus former management still owns 60%, so incentivized to create value. Yield is 4.5%.
(Analysts’ price target is $38.00)IT and strategy consulting firm. Think of it as a Japanese Accenture, but with higher margins and growing faster. Founder still runs the business. Japan is probably 15-20 years behind in modernizing its IT infrastructure, so long runway ahead to grow revenue close to 20%. Reasonable valuation given the growth. (Price target in Japanese yen.) Yield is 0.7%.
(Analysts’ price target is $6290.00)His preference to LMN. Reported this morning, margins are slightly below 40%. Low-ticket items sold to the construction industry to automate workflow. Really strong margins, almost no debt. Longer term, should grow mid-teens organically and through M&A. (Price target in Swedish krona.) No dividend.
(Analysts’ price target is $34.57)
Used to own. Sold on valuation, which is higher than CSU or TOI. Higher risk but higher reward because its deal sizes are so big. At the high valuation, wasn't worth the risk to own anymore. See his Top Picks.