OTCPK:LTKBF - Post by User
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Possibleidiot01on Jan 20, 2022 3:34pm
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Post# 34338968
Stephen Tacaksy on BNN - Top Pick
Stephen Tacaksy on BNN - Top Pick LOGISTEC (LGT.B TSX)
Logistec’s main business is providing marine cargo handling services in over 54 ports across North America including the largest container terminal in Montreal. Business is obviously booming given what we hear about supply chain issues in ports, and Logistec is the only publicly-listed company on the TSX that you can invest in to gain exposure to the marine cargo handling business.
They also have a fast growing environmental division that’s involved in water infrastructure repairs and soil remediation. We expect record results to be reported in March, yet the stock has barely moved over the past year. We estimate that the shares are trading at a P/E of only 12X earnings and will surpass their previous high of $57 during the year.