TSX:AD.DB.A - Post Discussion
Post by
retiredcf on Jan 10, 2023 7:59am
Acumen Top Pick
Analysts at Acumen Capital introduced their 2023 “Top Ideas” list on Tuesday, consisting of seven equities with a focus on “proven businesses that have historically shown solid execution against a well-articulated business plan.”
The firm said the stocks were chosen based on “reasonable valuations in the context of historical trading ranges; strong free cash flow generation supported by recurring revenue; business model that can grow both organically and through acquisitions; Strong balance sheet (or the ability to deleverage without external capital) to fund growth strategy internally and catalysts that may result in a step change in the business.”
Their picks are:
Alaris Equity Partners Income Trust with a “buy” rating and $22.50 target. Average: $20.96.
Analysts: “While 2022 was slower than 2021 in terms of deployment, deal flow has improved to start 2023 with increasing rates making AD’s preferred product a more compelling option for current and potential new partners. Overall AD has done well to strengthen the portfolio through increased partner diversification and reduced concentration while ECR’s are tracking at all-time highs. In our view AD is significantly better positioned today than in the past while the valuation has become highly compelling at 0.84 times book.”
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