Topic: How To Invest

Q: Savaria looks like a good stock. Can you tell me if you agree? Thank you.

Article Excerpt

A: Savaria Corp., $20.35, symbol SIS on Toronto (Shares outstanding: 63.9 million; Market cap: $1.3 billion; designs and builds personal mobility products for consumers. These include home elevators, commercial lifts, stairlifts, ceiling lifts, and adapted vehicles. The business has manufacturing facilities in North America, Europe, and China. Founded in 1979, it became a publicly traded company in 2002. On February 22, 2021, Quebec-based Savaria completed the $521.0 million acquisition of Handicare Group AB, a Swedish manufacturer of accessibility products. Handicare has customers in more than 40 countries. In 2020, Handicare had sales of $317 million. That will give a major boost to Savaria’s annual revenue of around $355 million. Savaria also expects the combination to generate $12 million in annual savings within 24 months. Meanwhile, the combined business will generate 56% of its sales from North America, 40% from Europe, and 4% from the rest of the world. Together, it will have almost one million square feet of production space at 15…

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