KeyStone’s Your Stock Our Take is Information Services (ISV:TSX), our Stars areViemed Healthcare Inc. (VMD:TSX) and Electrovaya Inc. (EFL:TSX) and our Dog is Canada Goose Holdings Inc. (GOOS:TSX).
This week in our Your Stock, Our Take segment we look at Information Services (ISV:TSX), a provider of registry and information management services for public data and records. The stock pays a relatively attractive 4.8% dividend and a listener who has been watching the company for a while asks if now is the time to pick up a position. This week we have two stars and the first will be no stranger to our clients as it was recommended one year ago this month. The stock, Viemed Healthcare Inc. (VMD:TSX), U.S.-based medical equipment supplier. Viemed added another 9% this week, 26% on the month and is up 90% in 2019 alone. Perhaps most importantly for our clients, it has gained 158% since our recommendation at $3.85, one year ago. Our star number two is micro-cap Electrovaya Inc. (EFL:TSX), designs and develops electrodes, separators, cells, advanced battery, and battery systems for the transportation, electric grid stationary storage and mobile markets. The stock jumped 23% this week on the back of a promising order. Finally, our Dog of the Week is a retail stock that had been a market darling since its IPO. The company, Canada Goose Holdings Inc. (GOOS:TSX), designs, manufactures, distributes and retails premium outerwear for men, women and children. This week, Canada Goose took a 31% hit in one day after it announced its 2019 fiscal results and its outlook for the current year. The stock had been trading at premium valuations and we had warned clients a number of times that any stumble or decrease in growth rate could fell the stock. Is the drop an opportunity or a sign of things to come? We will discuss.
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