Top Analyst Stock Picks from Cantech 2019

Analysts from Haywood Securities and CIBC provide their top stock picks at the Cantech Investment Conference 2019

SmallCapPower | February 1, 2019: SmallCapPower attended the Cantech Investment  Conference 2019 in Toronto, which took place from January 29 to 31, 2019. Here are some of the top stock picks from two of the analysts who presented:

Pardeep S. Sangha from Haywood Securities likes:

WELL Health Technologies Corp. (TSXV:WELL)

He likes WELL since it was started by a serial successful entrepreneur, Hamed Shahbazi, who founded and sold TIO Networks to PayPal Holdings for about C$302 million. WELL is also backed by a Hong Kong billionaire. He added that there are no sell-side analysts covering WELL Health yet.

Pardeep also likes:

Solium Capital Inc. (TSX:SUM)

  • Company manages incentive plans for corporations for employees share options plans
  • Many Top 100 TSX/S&P 500 companies use this. Solium has long-term contracts with Morgan Stanley and UBS contracts as well
  • High sticky margin business -> companies will usually extend or renew their contracts

Stephanie Price from CIBC said she likes:

Shopify Inc. (TSX:SHOP)

  • She said it has the potential to grab market share from small merchants and big brands
  • 50% of revenues is from payment processing and not SaaS
  • Good business model for recession will inspire people to take another job
  • 3x 2020 EBITDA vs. peers 16x
  • Business is growing -> 2% organic growth in Fiscal 2018
  • Acquired a company called ECD
  • Looking at aggressively increasing their margins
  • The Company also has a billion in operating cash flow

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