Enghouse Systems Ltd EGHSF

Q1

[Kingpin2020]

I've been heavily invested in Enghouse since 2000 and have learned over the years not to get too fussed about quarter to quarter numbers--except for cash on hand. My key takeaways on Q1 are: 1. Enghouse has come through the pandemic in good shape and most of the headwinds are dissipating; 2. The company has managed to generate enough cash to pay out a generous special dividend, increase the annual dividend by 18% and to have enough dry powder to keep acquiring companies which are usually immediately accretive to earnings; 3. perhaps most importantly for me, it's evident that Vince Mifsud has stepped up to the plate in a big way when it comes to heading up operations and administration thus freeing up Steve Sadler to focus on acquisitions with the talented team that he has assembled. It's a great story that is likely going to keep getting better over time.

[bluebeard123]

I agree. I've had this stock for a little over 2 years. It's gone up a little over 50% for me. It has strong fundamentals and it will be a long term hold for me as long as the fundamentals remain strong  regardless of the price swings. I like their cash position because this allows ENGH to keep on acquiring other companies. 

[GeorgianBayGuy]

I also agree with most of the senitiment on this bullboard regarding the Q1 earnings... very much a mixed bag.  Clearly, ENGH has deployed some solid strategies to protect their cash position and their EBITDA in the face of challenging business conditions. However, I might be more concerned than most on this board regarding the rather dismal top-line growth number.  At just 7%, it

[CyKill]

I would look at Cash flow, not the eps. At 20 times Cash Flow, its valued fairly, I would say.