Top PickFirst stock in the clip; he also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-s-top-picks~2358502
TFI International (TFII TSX)
Last bought in January 2022 for $131.19
TFI International is one of North America’s largest trucking companies, specializing in truckload, less-than-truckload, logistics & “last mile” and package and courier services across Canada, the U.S. and Mexico.
While undoubtedly operating a cyclical business, TFI has migrated towards an “asset light” model, which has allowed them to earn higher returns on shareholders’ equity than their peers over a cycle.
The company is a capable and active consolidator of the fragmented trucking industry, having completed 98 acquisitions since 2008, which has driven an 16 per cent compound growth rate in earnings per share over the last decade. Despite their rapid growth, TFI trades at a modest 17x 2022 forecasted earnings.
TOP PICK
TFI International Inc(TFII-T)
10/01/2022 at 07:00pm
Getting bigger all the time. Four segments: truckload, less than truckload, last mile, packaging and courier. Cyclical, but asset light model as they don't own all vehicles. Very active and capable serial acquirer. Growth stock, undemanding multiple of 17x earnings. Very good entry point. Yield is 1.10%. (Analysts’ price target is $154.81)
TRANSPORTATION
Brian Madden
$124.970
Owned