Eric Nuttall For those who haven't seen it, here's the full package. The first link was his initial discussion and the second link is top picks. GLTA
https://www.bnn.ca/video/eric-nuttall-discusses-nyx-gaming~940435
https://www.bnn.ca/video/eric-nuttall-top-picks~940507
Top Picks:
NYX Gaming Group (NYX.V)
NYX beat consensus EBITDA on Monday by 11 per cent and was rewarded by a 2 per cent move in the stock. The company trades at a 18 per cent free cash flow yield, 7X 2017 EBITDA (versus EU-listed peers at 15X) and 6X 2018 earnings (despite forecasted 39 per cent EPS growth 18/17). By any measure this stock is undervalued. With its M&A buying binge behind them (and with it opaque quarterly releases) we look to their Q3 release in November to clearly demonstrate the cash flow and earnings generating power of the company. If the company were to trade at only 2/3 of its peer average the stock would be ~ $3.80=100 per cent upside. The valuation currently makes no sense.
2016-08-30 TOP PICK Eric Nuttall
This is a company with the best product in their space, a space that is growing at 10%. Last quarter they organically grew by almost 30% plus you tack on acquisitions. It is mired by a stink due to 2 other companies, which are hopefully going to go very soon. Their next quarter is in November which will be the 1st clean quarter where you won’t have M&A noise and be up to fully assess their organic business and their recent acquisition. Trading at less than half its peer multiple, despite having stronger growth rates, and at an almost 20% free cash flow yield. Has the best software in the business, and yet is trading at around 7X next year’s EBITDA. At 9X EBITDA, this is a $4 stock, about 100% upside from here.
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Price:
$2.000
Subject:
CANADIAN ENERGY & SMALL CAP
Bias:
UNKNOWN
Owned:
Yes