*Note all figures mentioned in this article are in Canadian Dollars unless otherwise noted
Element (ELEEF) is a high-quality business, led by a strong management team with a long runway for growth. The company has exhibited strong resilience to the impacts of COVID-19 thanks largely to its high-quality customer base and the "essential" nature of the fleets it manages. Element has an attractive financial profile and trades at a very reasonable multiple of cash flow (10x). At its current share price, investors would be able to compound their capital at 10-15% on an