RE:Stephen Tacaksy on BNN - Top Pick Expanded comments
TECSYS (TCS TSX) We recommended Tecsys at $15 in 2019 and it’s been one of the top 30 best performing stocks on the TSX over the past 3 years. The company develops and sells end-to-end supply chain management software solutions. So, they’re right in the “sweet spot” with all the current supply chain problems.
Their main clients are healthcare networks in the U.S. (so networks of hospitals and clinics like the Mayo clinic), a vertical which they dominate. They also service businesses with complex distribution needs like wholesaling (like auto parts) and transportation logistics, as well as retailers with omni-channel sales (so bricks & mortar and e-commerce).
The company just reported another quarter of record sales with growing high-margin recurring SaaS revenue and also has a record backlog. TECSYS shares have come down a lot during the recent tech stock correction and presents a great buying opportunity. We think this will be a $100 stock in a few years.