RE:Stan Wong - BNN - TOP PICK First stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/stan-wong-s-top-picks~2892477
Dollarama (DOL TSX)
With projected fiscal 2024 revenue of $5.8 billion, Dollarama is Canada’s largest discount retail store operator, boasting over 1,400 locations. We like Dollarama for its resilient business model, capitalizing on increasing consumer demand for value-priced goods. Over the years, the company has showcased operational efficiency and robust financial performance, characterized by consistent revenue growth and healthy operating margins. Last summer, Dollarama announced a share repurchase program for more than 13.6 million shares, underscoring management’s dedication to creating shareholder value. The company has a revenue growth rate of nearly 10 per cent over the past five years and plans to expand its store count to 2,000 locations. Looking ahead, Dollarama is forecasted to achieve an earnings growth rate of over 17 per cent over the next several years. From a technical standpoint, DOL shares have been steadily rising in an ascending pattern, with higher highs and higher lows.