Topic: How To Invest

Q: Hi Pat, what are your thoughts on Savaria Corp.? Thank you.

Article Excerpt

A: Savaria Corp., $17.77, symbol SIS on Toronto (Shares outstanding: 35.4 million; Market cap: $725.5 million; www.savaria.com), makes products for people with limited mobility. The company has three main businesses: Accessibility (63% of revenue) makes elevators for homes and businesses as well as stairlifts (electrically powered chairs used to carry a person up and down a flight of stairs) and platform lifts (powered devices used to lift a wheelchair and its occupant over a step). Adapted Vehicles (17%) installs ramps and lowered floors in minivans so they can accommodate wheelchairs. This business serves both owners of private vehicles and taxi fleets. Savaria entered the Medical Products and Surfaces market with the acquisition of U.S.-based Span-America Medical Systems in June 2017. Through this new segment, the company mostly makes and sells a range of therapeutic support surfaces and other pressure-management products for the medical market. They include patient positioners that help patients sit and avoid falling over as well as skin care products and polyurethane…