Savaria Corp T.SIS

Alternate Symbol(s): SISXF

Industrials

Savaria Corporation is a Canada-based company engaged in the accessibility industry. The Company provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its segments include Accessibility and Patient Care. It designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings. It operates a sales network of dealers worldwide and direct sales offices in North America, Europe (United Kingdom, The Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China.

TSX:SIS - Post by User

Savaria Corp > Another Reaction

<< Previous

Bullboard Posts

Next >>

Comment by Humaniston Sep 11, 2023 9:47am

73 Views

Post# 35629138

RE:Another Reaction

thx for sharing this post Retired, but i read it as mediocre not a hugely positive rprt. so i feel hmmm
glta

retiredcf wrote:

Savaria is issuing new shares at $14.50. Your thoughts?

The issue is fairly large ($80M with CDPQ coming in as well as the public) and a bit surprising, with no acquisition announced at the same time. But, debt at $400M is pretty high, and a better balance sheet was likely the main objective here. Insiders are buying $3.5M of the issue, and nothing really changes in terms of outlook here. With good growth prospects, a 3.3% dividend and a reasonable valuation, we still consider it an attractive small cap. (5iResearch)