Gavin Graham - BNN- TOP PICK Pason Systems (PSI TSX)
Last purchase: December 2022 $15.96
Pason Systems is a leading global provider of data management systems for drilling rigs and latterly solar farms. With no debt and over $200 million in cash on its balance sheet it was able to survive the COVID-19-inspired collapse of activity in 2020-21 and has been reporting earnings that have tripled to $71.2 million on revenues up two-thirds to $240.6 million on the first nine months of 2022. It is reasonably valued at 14 times earnings and the dividend was recently raised 50 per cent to $0.12 per quarter, giving a yield of 3.5 per cent.