Storagevault Canada Inc T.SVI

Trevor Rose's Insights - BUY ON WEAKNESS

[Possibleidiot01]

BUY ON WEAKNESS

StorageVault Canada(SVI-T)

18/09/2023

 

 

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research We would be a bit more interested in SVI in the $4.25 range. The company has done an admirable job building out its business and consolidating its acquisitions. There are still plenty of small operators it can acquire. The stock had an initial big run and now has paused a bit (down 19% YTD) as investors reconsider economic prospects and the company's quite-high debt load. We do not think SVI has done anything wrong, but we would consider it a higher risk position now with higher interest rates and somewhat of an economic slowdown. It may see some tax loss selling. Generally though we like it, but would like it more a bit cheaper to reflect some of the risks here.

[Investorguy1234]

I think Mr. Rose's comments are very kind to the company. They are in the business of leasing space to mostly individuals but if you look at there financial statements you would think that their primary business is financial engineering. Borrow money here, buy back share there, pay dividends here, issue more shares here.  Book value at $0.24, no intention of slowing down borrowing money,