SISXF - Savaria: Long-Term Tailwinds And Insider Buying
2024-03-31 23:59:00 ET
Summary
- Savaria Corporation's shares have performed well over the last decade, but have underperformed in the last five years.
- The last few years have been marked by slower growth as the company de-levers its balance sheet and pays down debt.
- After divesting a few businesses, the company should emerge as a high margin business with a balance sheet ready for opportunistic M&A.
- Benefitting from long-term tailwinds and favorable demographics, management likely views its own shares as undervalued with recent insider buying.
- Shares are likely undervalued and can deliver above-average rates of return over the long term.
Please note all $ figures in , not , unless otherwise stated.