TopPicks from Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management
MDF Commerce is one of many overly beaten-up tech stocks. It develops and manages e-commerce platforms for larger corporations such as Sobeys/IGA, Dollarama, and Aldi, one of the largest food retailers in the world for a click-and-collect platform for its 1,000 U.K. stores. MDF also owns business-to-government platforms enabling suppliers to bid on government contracts called “e-procurement.” MDF is consolidating this sector in the U.S.
is expected to double to $150M by 2026, at a 15 per cent CAGR. The stock was added to the TSX Composite last year. The recent pull back from $42 to $33 is a great entry point into this unique business trading at only 16X 2022 P/E with a healthy balance sheet and strong earnings growth and free cash flow.Fastest growing asset manager and wholesaler of life insurance policies. It has around $53 billion in AUM and over $30 billion in AUA .
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