New Podcast Episode!
In this episode, Chris and Michael discuss the global rate cutting cycle, spotlight a few Canadian small-cap stocks, talk about which investment themes have and have not been working so far this year, and review some Q1 earnings results.
Special Report
We have posted a special report on Canadian stock ideas that we feel can benefit from rate cuts. This comprehensive report explores three main categories of stocks that we believe could see an increase in share prices due to declining interest rates. Within each category, we delve into three individual Canadian names, providing a detailed analysis of their potential growth. This report not only offers timely information on several key themes, but also provides insights into stocks that could experience upward price action in the coming years.
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Report Updates
We have posted report updates on FirstService Corporation (FSV) and Descartes Systems (DSG). FSV is the North American leader in residential property management and other property services to both residential and commercial customers. DSG is a global leader in on-demand software solutions that focus on improving productivity, reducing costs and enhancing the security of logistics-intensive businesses. One name has demonstrated a track record of allocating capital to grow through acquisitions while the other has historically traded at expensive valuations, but we feel is currently at a good entry point.
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Dropping Company Coverage
We are dropping company coverage on Telus International (TIXT). Since covering the company shortly after it went public, we have downgraded its rating by a total of three notches. Its share price weakness alongside a significant shift in its fundamentals have caused us to reconsider the company’s prospects. It saw some of its demand pulled forward throughout the pandemic, and it likely did not adapt fast enough in the years following. While there may be an eventual turnaround in the name with its pivot to AI, we think there are better opportunities available.
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