| 2016-10-26 |
HOLD |
Cole Kachur |
Down around 40% today, which seems a little extreme. Most analysts thought the quarter wasn’t going to be great. It is now going to be in a “prove it” mandate where they have to prove to shareholders that they can execute on their plan. The tone from management going into next year was not great. He wouldn’t be a buyer, but if you own he would hold and hope it would bounce back again.
|
Price:
$16.250
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown |
| 2016-10-26 |
WATCH |
Bruce Campbell (2) |
Had owned this in the past. The stock had a pretty dramatic drop today. He has always had a lot of respect for management. As cheque writing started to decline, they got into the electronic business. They’ve had some hiccups here. At this point, he would probably just want to watch. It would mean giving up some returns, but he would like to see the next quarter turn around and that the worst is behind them.
|
Price:
$16.250
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No |
| 2016-10-21 |
BUY |
Greg Newman |
Last quarter, their US lending wall which improved from Q1 was still sluggish. Their FinTech segment last quarter was up about 7% year-over-year, but still kind of soft. Also, had pretty squeamish guidance about it, due to delayed spending on BREXIT concerns. As a result, he models pretty flat growth over the next 6 months or so. What is good is that their longer-term thesis is still very much intact. They have done some cost cutting which has helped. Trades at a real discount to its FinTech peers. There could be a catalyst this quarter in terms of a return of growth in their US segment LaserPro. He likes names that have a real FX tailwind, and 60% of their earnings come from the US. Dividend yield of over 4%.
|
Price:
$29.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown |
| 2016-10-04 |
DON'T BUY |
Jerome Hass |
He isn’t a big fan of this name. It is essentially a payments company with a variety of potential solutions for institutions. They made a large acquisition in 2005, and paid a very hefty multiple for it. The company got a consent order, a slap on the wrist, from the US banking regulators. If you are a financial institution, and are thinking about buying software and your provider has had a slap on the wrist, you would not be too interested in using that software. This is going to be a very tough slog for them to overcome.
|
Price:
$28.390
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
No |
| 2016-09-30 |
COMMENT |
Ryan Modesto |
For a long-term hold? Long-term is what you have to think of with this company. They are in the FINTECH space, mortgage processing payment area. He likes this more for income as opposed to growth. Has a fairly large debt load of about $1.9 billion, but thinks they can manage it. It is going to take a while for that leverage to come down. Recently announced a partnership with a large financial institution working on blockchain, a technology that could really transform the processing side of financial institutions.
|
Price:
$28.360
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown |
| 2016-09-27 |
HOLD |
Kash Pashootan |
A good quality business and likes the space they are in. The only reason he has not stepped into this has been the valuation. Dividend yield of about 4% makes a lot of sense. Too expensive for him.
|
Price:
$29.260
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
No |
| 2016-09-27 |
COMMENT |
Michael Decter |
He likes the company and loves what they have been able to do. They have good growth ahead of them and have made a lot of good acquisitions, but they seem to be trading in a range between the high $20 and $40. A solid company.
|
Price:
$29.260
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes |
| 2016-09-22 |
COMMENT |
Stephen Takacsy, B. Eng, MBA |
He passed on it last year. It was down and there were shorts reports. It is now considered technology and it is hard to understand the various businesses. The market is concerned about organic growth. It is not an easy company to get your head around these days.
|
Price:
$28.960
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No |
| 2016-09-19 |
HOLD |
Teal Linde |
They have three businesses, lending, transaction and domestic business. The lending business is hurting. The domestic business is a bit flat. Their balance sheet is quite leveraged, so they can’t acquire. It is a hold.
|
Price:
$28.650
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown |
| 2016-09-15 |
BUY |
Daniel Lloyd |
He bought this recently. There is still a reasonable free cash flow yield and he thinks the dividend is safe.
|
Price:
$29.250
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes |
| 2016-09-15 |
PAST TOP PICK |
Paul Harris, CFA |
(A Top Pick Oct 1/15. Down 23.42%.) Their last acquisition is the one that caused them a lot of problem. Took on a lot of debt, which constrained them from doing anything. Not an expensive stock and has a good dividend yield. He can see some positives. There are better earnings and cash flow growth over the next little while which will help them bring down their debt levels. Thinks fintech is a great business. 4.4% dividend yield.
|
Price:
$29.250
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes |
| 2016-09-14 |
WATCH |
Jim Huang |
This has gone into the fintech space in the US by doing a couple of big acquisitions. The stock has done very well on the back of that, but lately have gotten into some execution issues with some of the fintech acquisitions not doing as well as originally anticipated. Thinks that over time they will come out of this. A bit of wait and see.
|
Price:
$30.010
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown |
| 2016-08-29 |
DON'T BUY |
Brian Acker, CA |
The problem is that acquisition. It is big. He thinks there is doubt in their strategy. The model price is $37. At $22 he would be interested in it.
|
Price:
$29.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
No |
| 2016-08-29 |
DON'T BUY |
Brian Madden |
The emerging growth driver for this company is FinTech. They made a number of acquisitions in the FinTech space and are struggling to integrate them. He would be on the sidelines until they figure out what they have acquired and digested and get the profitability back on track.
|
Price:
$29.070
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No |
| 2016-08-23 |
BUY |
James Telfser |
(Market Call Minute.) This has been beaten down too far. He still likes the assets and they have great management.
|
Price:
$28.380
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes |