Discover Palos Wealth Management
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 33- Savaria Is Recovering from The Garaventa Indigestion
It has been almost 1 year since Savaria’s (TSX:SIS) acquisition Garaventa Lift took place. The business was acquired based on an annual $8.3 million EBITDA. In the first six months following the acquisition, Garaventa delivered $5.3 million EBITDA, also including a seasonally weak Q1. Their EBITDA margin also improved from 7.5% in 1Q19 to 9.5% in 2Q19. That being said, it is clear that management synergies and efficiency plans are working.
Disclaimer: Palos Funds are shareholders of SIS.
By Charles Marleau, CIM & Joany Pagé, CFA
Continue Reading in PDF
By Charles Marleau, CIM & Joany Pagé, CFA
Click to Read Macro View
By Hubert Marleau
Click to Read Options Corner
By Robert Mendel
Click to Read Palos-Mitchell Report
By William Mitchell