Cambridge Global Asset Management Comments (BNN)Stephen Groff
Portfolio Manager, Cambridge Global Asset Management
Septemeber 7, 2016
Market Call, BNN
SYZ-Sylogist
We own a good amount of this co. and have owned the co. for many years.
They deal with a lot of payroll management systems, and with the retail systems for some gas stations. They do everything from municipal assets to fracing. A very small company, but do a lot of niche things that people just don’t do or care about. It falls below the radar and is not covered by the street.
They are a very early stage co. like a Enghouse or Constellation.
We bought it at a much lower multiple. It trades now at mid single digit cash flow yield. Hopefully over time they will be able to find further deals. When they bring a company on, they essentially aim to better price their products and get a lot of cash flow from it.
Full video : https://www.bnn.ca/video/stephen-groff-discusses-sylogist~945842