Top Pick Once again from Bruce Campbell 2; second stock in the clip and two sets of comments. GLTA
https://www.bnn.ca/video/bruce-campbell-top-picks~919793
Pacific Insight Electronics (PIH.TO)
Pacific Insight Electronics designs and manufactures components for the automotive, heavy truck and marine industry. The company provides LED lighting, electronic control modules and wire harnesses. Customers include Ford, Caterpillar, Daimler, and Harley Davidson. The company grew EPS over 30 per cent the last year and the stock trades at a reasonable valuation of less than 9 times earnings. The stock is not covered by analysts and is now showing up on the radar or many institutional investors due to the market capitalization. The last purchase was $12.15, funds own, but none personally or family.
PIH-T 2016-07-27 TOP PICK Bruce Campbell (2)
In the auto components business, and manufactures LED lighting systems and some different components of gauges, as well as some wire harnessing. One of their big customers is Ford (F-N). Stock has been growing fantastically on an earnings basis, and is super cheap, trading at about 8X earnings, and have been growing their earnings by about 25% per year. CEO is talking about some expansion into new areas such as electric vehicles.
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Price:
$13.010
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes