TSX:OTEX - Post Discussion
Post by
retiredcf on May 30, 2020 7:21am
Top Pick
First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/robert-mcwhirter-s-top-picks~1968088
OPEN TEXT (OTEX TSX)
Open Text provides software to archive, aggregate, retrieve and search documents, e-mails and presentations. It has a 1.7 per cent yield and a modest 21 per cent payout of trailing four-quarter cash flow. On April 30, it reported a 13.5 per cent year- over-year (YOY) sales increase. Open Text has a 5.5 per cent free cash flow yield and has generated $1.1 billion in free cash flow over the past four quarters. June 2020 earnings of $3.77 are forecast to grow 13.8 per cent in 2021, giving a price-to-earnings (P/E) multiple of 12.2 times. Open Text’s trailing return on equity is an attractive 19.2 per cent (A-). The consensus $62.92 target by nine analysts implies 13 per cent upside potential.
TOP PICK
Open Text (OTEX-T)
May 29, 2020
A large company with $15 billion marketcap. They are involved in data search and capture. The dividend is well covered with only a 21% payout ratio of cash flow. Recent quarterly reported a 13% sales growth. Earnings expected to grow by 14% next year. Yield 1.7% (Analysts’ price target is $62.21)
Robert McWhirter
Price
$56.330
Owned
No
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