Top PickFirst stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/stephen-takacsy-s-top-picks~2343104
D2L (DTOL TSX)
D2L is a world leader in cloud-based e-learning platforms for schools, universities, and corporations with 1000 clients in 40 countries. The pandemic was a massive wake-up call for educational institutions and corporations to upgrade their legacy on-premises systems.
D2L has a subscription-based business model with long term contracts, so great revenue visibility of which 90 per cent is high margin recurring SaaS revenue. D2L just reported strong results with annual revenue run rate growing over 20 per cent to US$150M.
It also announced several large contracts: with the State University of New York (SUNY), the largest post-secondary systems in the U.S. with 400,000 students across 64 colleges and universities and with British Columbia's Ministry of Education for up to 670,000 students in schools across the province.
D2L trades for around 3.5X forward sales with is less than half of its U.S. peers like Instructure and Powerschool (8X sales) and less than one quarter of TSX listed Docebo (15X sales). The recent pull back is an excellent opportunity to buy into a high-quality technology success story. We think the shares can double or even triple over the next few years.
TOP PICK
D2L(DTOL-T)
12/12/2021 at 07:00pm
They just went public as a e-learning business. They have a 1000 subscription based clients in 40 countries. They recently reported strong results with recurring revenue up 20%. They just signed NY state, with 400,000 students and the BC Ministry of Education. It only trades at 3.5x forward sales, half of their peers. Excellent entry point and he expects it to be 3-4 times current value in the next few years. Yield 0% (Analysts’ price target is $21.75)
Stephen Takacsy, B. Eng, MBA
$13.850
Owned