BNN analyst comments/FYI1.
Teal Linde They are going through some challenges right now. Their guidance was recently lowered. They are not getting renewals in their laser business as fast as they want. They grow through acquisition but their debt levels are high right now.
2. Jerome Hass
This had some issues last October. There was a US hedge fund that had a Short thesis on it. The company is a processor of financial services for banks and other financial institutions. Made a major acquisition of Fundtech. It paid about $1.5 billion, and paid about 20X trailing EV/EBITDA, which was an expensive acquisition. The Short’s thesis was that there was a consent order (?) by the US banking regulators against Fundtech. Essentially the allegation is that they engaged in unsound banking practices. As a consequence, they have had a tough time making sales out of this business. They also funded this with debt, which added to the problems. A name he is cautious on.
3. Jon Vialoux
Technology tends to do well from October all the way through to January. This company’s chart shows a declining trend from April, and there are no signs of it bottoming as of yet. There was a large washout recently, coming into August, and it is now starting to inch higher. It is not really recouping those losses and is holding below its 20, 50 and 200 day moving averages. When you have a stock below its 200 day moving average, that is generally a warning sign. It means it is really unloved and long-term holders are cautious about it. There is support at around $29.
4. Paul Harris, CFA
(Market Call Minute.) He likes this.
5. Peter Hodson
(Market Call Minute.) This would be a Buy for the long-term.
6. Lorne Zeiler
Have done a major restructuring, and did a major acquisition. While a solid company, you are likely not going to see the visibility, i.e., an increase in earnings related to the acquisition, for at least 12 months. He just sold his holdings. Thinks the 4% dividend yield is safe. Below $30 would not be a bad entry point.
7. Greg Newman
Just came out with earnings, which he didn’t think was that good. They are going to really have to prove itself with its US lending segment Laser Pro. He doesn’t expect to see colour on that until Q3. Has a really good dividend which is really well supported. Should have some good growth in their new fintech area GTBS. The growth, investors are looking for, is being held back by global financial institutions. This is a name you are going to want to pick away at.
Carlos