mdf commerce Ord Shs T.MDF

Stephen Takacsy on BNN today

[Possibleidiot01]

Mediagrif - one of his top picks

MDF Commerce in the new name being given to Mediagrif at their AGM Wednesday to better reflect what the company does. It provides e-commerce software solutions for large companies, much like Shopify does for small businesses. For example, MDF manages the online platform for Sobeys/IGA and the SAQ, as well as for Carrefour in Italy, which was the only online grocery service operating in the country. MDF also enables suppliers to bid on government contracts (called “strategic sourcing”) and for which MDF recently won a large contract in the U.K. with one of the largest healthcare systems in the world. MDF’s growth is accelerating due to the pandemic, as it is benefitting from the rush of businesses going online. Nearly 80 per cent of their sales come from recurring software as a service (SAAS) revenue. Whereas Shopify trades at over 40 times sales, MDF trades at around 1.5 times recurring revenue. We now own 5 per cent of the company.