Investment Q&A

Q: Good Morning Peter and Team,
Looking forward to the Canadian Moneysaver Seminar this Saturday. My question is about Enghouse Systems (ESL-T). I know you have rated it highly (A-) and for very good reason. Would you consider this company a mini Constellation Software where one should just purchase it at a fair price (like now) and enjoy the ride ??? Just as an aside, I am finding that, over time, the smaller, well run, wealth creating, companies (i.e. Constellation Software, Paladin Labs, etc.) seldom, if ever, get really cheap in a Graham and Dodd sense. Therefore someone with a deep value orientation, fixated on price versus value, ends up tripping over the dollars to pickup the pennies. Thanks, Dennis

Q: I know you don't like to make it a practice to comment on quarterly earnings reports, but ESL has now gone through two mediocre quarters, and since you have only 3 companies rated higher in your Reports, and only another 3 rated as high, I wonder if there is some reason to be concerned that the company may fall short of your long term expectations, especially since, although the company pays a dividend it is such a small one there is little incentive to keep the stock for that reason alone.

Q: I have a question about Enghouse
What are you expecting for Revenue and Earnings for Q3?
Do you know what the consensus on the street is?

Thanks,
Sandy

Q: Thanks for your insightful report. Software development in general is a highly competitive industry. The amount of competition will likely affect a company's growth rate and chances of being acquired. Can you please comment on the competition that Enghouse has to deal with? Thanks.

Q: I have a question about Enghouse: Given the results announced on June 6 and that the stock is down over 6 % today, is ESL a buy ?

Thanks
Dave

Q: Iam a recent new member.I notice that Enghouse Systems Limited was recommenmded at a price of $12.08 on Dec 31. I presume that the rating still applies now that the price has risen to the present $13.64 in April?