Savvy Trades and Investments

[maxluke1]

CWL.TO/CWLPF - SSK, any thoughts here? I know you've owned it in the past. Staffing groups focused on professionals are really doing well. I've owned it as well, and they typically disappoint and it drifts back down, but I'm wondering if this time around may be different? (mainly based on tailwinds in the sector + acquisition).

The IQTP acquisition they made back in December 2020 seems to be performing well and it looks like they stole it (got it for ~11 million, so perhaps they acquired for 3x ttm EBITDA or so?) IQTP is more focused on professional staffing than the executive search stuff they've been tied up in forever. Granted, the executive search segment is performing really well also.

I also noticed IQTP isn't even contributing to the bottom line yet because of the acquisition one-times. Thinking it might this quarter.

I took a shot ahead of earnings here (any day now). Wish I would have checked CWL back in September, but slipped my mind.

All my opinion. Disclosure: own position at 2.61 CAD.