TaigaResearch

Investments | Hunting hidden gems

[TaigaResearch @SmallCapNorth]

Buying a ton of $CPH.TO on the pullback today.

[TaigaResearch @SmallCapNorth]

@roinvests That’s great to hear, I wasn’t aware of that. Love to see the Walmart initiative too. Seems like it could be a good boost to organic growth.

[TaigaResearch @SmallCapNorth]

$CPH.TO earnings are out. Curious to see what they say on the call. Looks like near-term headwinds related to Medicaid changes. Buying opportunity?

[TaigaResearch @SmallCapNorth]

@QHCapital @wolfgangkasper @Kiko69421137 Bloomberg’s ownership data isn’t always fully up to date because it only reflects holdings once regulatory filings are disclosed. There can be a lag of several months before changes in ownership appear.

[TaigaResearch @SmallCapNorth]

@bigpoppastonk @realroseceline Today’s move feels overdone. Might take time for the market to catch up, but a business of this quality shouldn’t be sitting at a single-digit EV/EBITDA.

[TaigaResearch @SmallCapNorth]

@TrentBlair19 $VHI.TO $VHIBF Agreed. Also one of the areas where AI disruption probably moves slowly — highly regulated industry and clients are still pretty far behind the curve on tech.

[TaigaResearch @SmallCapNorth]

$VHI.TO In-line revenue, EBITDA margin ahead. Early signs the Novari and Strata integrations are going smoothly. Getting closer to Rule of 40 territory… still feels like a bit of a hidden gem in Canadian SMID.

[TaigaResearch @SmallCapNorth]

@InvestorMexican Earnings are posted! Very solid numbers, margins picking back up

[TaigaResearch @SmallCapNorth]

$ATD.TO $ATD interesting quarter. U.S. SSS starting to improve while Canada and other regions remain soft.

Feels like some of the in-store initiatives might finally be gaining traction.

[TaigaResearch @SmallCapNorth]

@KobeissiLetter Worth noting many of these importers also have very limited domestic energy alternatives. LNG isn’t just marginal supply in places like Japan or Korea — it’s core baseload. That makes the system a lot more sensitive to any disruption.

[TaigaResearch @SmallCapNorth]

@StockSavvyShay @FuturumEquities RPO is a good lens, but it probably favors companies with longer contract structures. Some of the consumption-heavy models (like $SNOW or $DDOG) might look weaker on RPO even if usage is actually accelerating.

[TaigaResearch @SmallCapNorth]

@KobeissiLetter Worth noting some of that swing looks tied to volatile categories like gold and aircraft, which can move the headline deficit quite a bit month to month. Still directionally helpful for Q1 GDP, but probably too early to call it a structural shift in the trade balance.

[TaigaResearch @SmallCapNorth]

@VanIsleInvestor Close to 4x EBITDA now, 7% dividend yield….

[TaigaResearch @SmallCapNorth]

$ENGH.TO with another soft quarter.

Not exactly what you want from a “boring compounder.” Feels more like a slow melt than a compounder right now.

[TaigaResearch @SmallCapNorth]

@StockSavvyShay @fiscal_ai A lot of that growth was simply the multiple compressing as the business matured. When you start at “best company in the region” valuations, even exceptional execution can just grow into the price for a while.

[TaigaResearch @SmallCapNorth]

@BourbonCap Nice marketing win, but $NU doesn’t need awareness at this point. The debate is really about whether they can replicate the Brazil playbook in Mexico/Colombia and keep returns high as the book scales.

[TaigaResearch @SmallCapNorth]

@AC_newtothis @TrentBlair19 I get what you mean, but I still think Mull’s patience is part of the story. Patient capital - one of the better allocators in the Canadian SMID space imo.

[TaigaResearch @SmallCapNorth]

$VHI.TO delaying earnings release to March 18… 👀

[TaigaResearch @SmallCapNorth]

@InvestorMexican I believe they tend to release their Q4 earnings around 6:30pm EST.