Savaria Corp T.SIS

Top Pick Details

[retiredcf]

First stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/stephen-takacsy-s-top-picks~2457724

SAVARIA (SIS TSX)

Savaria is a global leader in home accessibility and patient handling products. It manufactures and sells home stairlifts and home elevators, as well as patient handling systems and ceiling lifts for long-term care facilities. Last year it completed the transformative acquisition of Handicare of Sweden, making Savaria the largest player of accessibility equipment in the world. It expects to realize significant synergies in both revenues and costs from this acquisition. Savaria has a record backlog and has given guidance for $775M in revenue and $120M to $130M in EBITDA for 2022, a 20-30 per cent increase from $100M in 2021. The stock has come down over 30 per cent from its high on some temporary margin compression, providing an excellent entry point for such a unique, well-managed and growing business. The company is now trading at 10x EBITDA and pays a 3.5 per cent dividend. Aging demographics and the desire to live at home longer will provide strong tailwinds to the company for many decades to come.

TOP PICK

Savaria Corp(SIS-T)

05/06/2022 at 08:00pm

 

Transformative acquisition last year made them largest player in sector. Record backlog of orders. Management suggesting record financial results for the coming year. Stock price down 30% is presenting excellent price to buy. Aging population providing tailwinds on business model.

OTHER SERVICES

 

Stephen Takacsy, B. Eng, MBA

$14.440

Owned

[WanTBe1]

If Savaria is doing any business in China time is now bring it back home and cut ties. Reason for not buying this stock.