Posted at 6:00 a.m.
Bengals or Rams? The answer is secondary for the savvy investor who is about to be repeatedly hammered this Sunday evening by messages calling on him to invest his money in cryptocurrencies.
The Super Bowl is already calling itself the “Crypto Bowl” due to the number of crypto advertisers that will be featured during the game, which is also played at SoFi Stadium, a financial services company with crypto in its product line.
“It reminds me of the year 2000,” says portfolio manager Martin Lalonde, of the firm Rivemont, who manages cryptocurrency himself for his clients.
During the Super Bowl played on January 30, 2000, the Rams (again) beat the Tennessee Titans 23-16. Wikipedia reminds us that during this match, there were 14 advertisements from 14 “companies dot com “.
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Due to its “strong” growth and its “excellent” operating margins in an expanding market, the action of the Montreal provider of electronic payment solutions Nuvei deserves high evaluation ratios, according to the firm Cote 100, of Saint-Bruno.
In an analysis presented this month to its clients, Cote 100 points out that Nuvei “definitely” deserves a higher valuation ratio than that of established companies, such as Fidelity National Information Services, Fiserv and Global Payments.
“The current ratio of 26 times expected free cash flow seems reasonable to us. We find it difficult to justify ratios reaching 50 to 60 times free cash flow, as was the case a few months ago. The recent pullback has brought the stock back to a healthier valuation.
Nuvei’s valuation by Cote 100 is close to $75.50 a share. However, this valuation comes with a high level of uncertainty, warns Cote 100, since a slowdown or acceleration in expected growth or profitability would inevitably influence the valuation ratio.
“As the title seems well valued to us, we prefer to pass our turn and wait for an opportunity which would give us a more substantial margin of safety. »
Shunned for a while by investors, the action of the Montreal telemedicine company Dialogue jumped 20% in two sessions, Wednesday and Thursday, after announcing an expansion of the partnership with its largest shareholder, Sun Life Financial.
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Energy remains the strongest sector on the Toronto Stock Exchange this year with a 24% rise in the sub-index so far in 2022. Meg Energy, Vermilion Energy and Tamarack Valley Energy are all already up more than 30% since the 1er January.
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A senior leader of CGI sold just over half a million dollars in shares of the Montreal computer services company this week. Mark Boyajian, senior vice president, head of business engineering, sold 4,874 shares on Tuesday at a price of $110.50 per share.
The volatility observed on Thursday and Friday after the release of US inflation data now suggests that the market seems to be discounting a 50 basis point rate hike by the Fed in March and possibly also in July, which would bring the key rate US to at least 1% as of next summer.
Longueuil’s e-commerce platform operator mdf trade indicated this week that it would call on an executive search firm to help it find directors to fill in the departures of Clément Gignac and Gilles Laporte on its board of directors.
Quebec titles from VAT groupthe Laurentian Bank, Supremex, Food Couche-Tard, Dollarama, Richelieu Hardware and iA Financial Group all hit a 52-week high this week in Toronto. At the opposite, mdf trade and Neptune have hit another 52-week low.