June 30, 2017


We feel BEARISH on the markets.

"Your banker will definitiely advise you NOT to buy these tips"

"We welcome your inquiries"

SIS.TO (ISIN: CA8051121090)

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles.

Market: Toronto


Gain over the last quarter: +12 % 

Fair value: c$ 16.75
Discount: 6.8%
Average yearly return: 59%
Yield: 2.6%

On May 11, 2017
* Savaria announces another record quarter - revenue is up 19% and EBITDA is up 31%
* Q1 revenue C$31.1 million
* Qtrly earnings per share - diluted $ 0.09
* Sees FY 2017 revenue C$143 million
* Sees adjusted EBITDA in a range of $25.5-$26.5 million for twelve-month period ending December 31, 2017
* FY2017 earnings per share view c$0.49, revenue view c$145.5 million