TSX:SYZ - Post Discussion
Post by
retiredcf on Oct 26, 2021 2:34pm
Colin Stewart Details
Second stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/colin-stewart-s-top-picks~2308995
Sylogist (SYZ TSX)
Last bought at $11.50 in October 2021
Sylogist is an ERP software provider to public sector clients such as academic institutions and not-for-profit organizations. The business has had a long history of strong margins and profitability, but the management change to bring in new CEO Bill Wood should accelerate growth going forward.
The company has made 3 acquisitions in the last 7 months under this new leadership and is poised to grow revenue by 50+ per cent in the year ahead. Despite strong growth prospects and profitability, SYZ trades at only 13x EV/EBITDA (2022E), a material discount to other Canadian software companies.
TOP PICK
Sylogist Ltd.(SYZ-X)
25/10/2021
It sells enterprise resource planning software to non-profits and schools to plan their HR and accounting. SYZ has a history of profitability but slow growth. He believes the new CEO will improve growth--the CEO has bought three companies in the last seven months; revenues will grow over 50% in the next 12 months. The stock has had a big run, then pulled back hard, so now is an entry point. It's a small version of tech companies like Enghouse. Trades at only 13 x EBITDA. (Analysts’ price target is $16.44)
BUSINESS SERVICES
Colin Stewart
$11.70
Owned
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