TSX:TCS - Post Discussion
Post by
Possibleidiot01 on Dec 16, 2020 7:31am
Stephen Takacsy
Globe says TECSYS's backlog said to have "exploded"
2020-12-15 09:18 ET - In the News
The Globe and Mail reports in its Tuesday, Dec. 15, edition that Lester Asset Management portfolio manager Stephen Takacsy recommends buying TECSYS ($47.17). In a special to The Globe Brenda Bouw writes that TECSYS is up about 70 per cent over the past year. Mr. Takacsy says he is "looking for e-commerce exposure at a reasonable price." TECSYS offers retail order and complex distribution supply chain management software services. Mr. Takacsy bought the stock last year when it dropped upon its move to a software-as-a-service or SaaS model. He says the shift spooked some investors at first, because it meant less revenue in the short term, but created a longer-term recurring revenue stream. Mr. Takacsy says, "The company's backlog has exploded and profitability is way up." The Globe reported on July 5, 2019, that Haywood Securities analyst Daniel Rosenberg reiterated his "buy" call for TECSYS, with a $17 share target. The shares were then trading at $13.03. The Globe reported on Sept. 7, 2019, that Beacon Securities analyst Gabriel Leung continued to rate TECSYS "buy." The shares could then be had for $15.45. The Globe reported on Oct. 6. 2020, that Laurentian Bank rated TECSYS "buy." It was then worth $32.81.
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