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Stephen Takacsy's Top Picks: February 25, 2022
TVA GROUP INC (TVA.B TSX) TVA is North America’s largest French language conventional and specialty TV broadcaster with a 39 per cent market share in Quebec. It is also the largest French language magazine publisher and owns MEL’s film production studios. The company is a cash machine generating $80M in EBITDA and over $0.80/share in earnings. At its current share price of $3.40, TVA trades at only 2X EBITDA and a P/E of only 4X earnings, making it one of the cheapest stocks on the TSX. TVA is controlled by Quebecor Media which own 68 per cent of the equity, and we expect that the company will be privatized one day for at least 6X EBITDA which equates to over $10 per share.