First stock in the clip. GLTA
https://www.bnn.ca/video/stephen-takacsy-top-picks~1083785
NAPEC (NPC.TO) – New position purchased late in 2016 at under $1 during new equity issue
• Quebec-based leading provider of construction and maintenance services to electrical and gas utilities
• Nearly 80 per cent of revenues are now from the U.S.
• New management team has cleaned-up corporate structure and has a new strategic plan to aggressively grow core business and improve margins
• Large capex programs underway in the U.S. to replace aging gas and electrical distribution systems
• Opportunities could grow with further boost in U.S. infrastructure spending
• Recently completed what should prove to be a very accretive acquisition in the NYC area. Pro-forma revenues of $400 million and backlog of nearly $800 million
• Stock is very cheap at under 6x forward EBITDA versus U.S. comparable companies which have rallied since U.S. elections
• Target price $2.50 within a few years.
2017-03-22 TOP PICK Stephen Takacsy, B. Eng, MBA
One of the leading construction and maintenance services to electrical and gas utilities. Over 80% of revenues come from the US. They will definitely benefit from more infrastructure spending, but have a huge backlog of work right now. The gas and electrical transmission lines in the US are being replaced and expanded. Made a couple of very accretive acquisitions which should start kicking in soon. Very cheap, trading at under 6X EBITDA. (Analysts’ price target is $1.38.)
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Price:
$1.050
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes