Paul Harris (Avenue Investment Management). GLTA

  • Davis + Henderson (DH TSX) The company provides technology for the financial services industry. The company is expanding out of the traditional cheque-producing business through a bolt on acquisitions. The stock trades at 10 times earnings and has a 6.2 percent dividend yield.

 

2012-11-22 TOP PICK Paul Harris, CFA

More than just cheques.  Involved in mortgage business.  They are a tech company that sits on the banking businesses.  Pays a nice business.  Margins came down in the last couple of quarters.  Great story and will grow organically over the next little while.  Nice balance sheet and an opportunity to grow through acquisitions too.


Price:
$21.030
Subject:
NORTH AMERICAN/GLOBAL
Bias:
SELECTIVE
Owned:
Yes