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December-12-19

BNN Bloomberg Market Call - Stephen Takacsy's Top Picks: Dec. 12, 2019

Stephen Takacsy, president, CEO and chief investment officer at Lester Asset Management, discusses his top picks: Mediagrif Interactive Technologies, Logistec Corp, Badger Daylighting.

See here.

November-20-19

The Bull and Bear McGill: Jordan Steiner Presentation

The first presentation of the night was made by Jordan Steiner, Chief Compliance Officer and Lead Portfolio Manager at Lester Asset Management (LAM):

See here.

October-31-19

BNN Bloomberg Market Call - Stephen Takacsy's Top Picks: Oct. 31, 2019

Stephen Takacsy, president, CEO and chief investment officer at Lester Asset Management, discusses his top picks: Diamond Estates Wines, Tecsys and Baylin.

Watch the interview with Stephen here

September-10-19

BNN Bloomberg Market Call - Stephen Takacsy's Top Picks: Sept. 10, 2019

After rebounding strongly this year as fears of an impending recession faded and central banks cut interest rates, equity markets have starting getting volatile again as the U.S.-China trade war drags out and corporations start feeling the impact. Large caps have become extremely expensive as a result of passive ETF investing to the detriment of small- and mid-cap stocks which have gotten even cheaper. Michael Burry of The Big Short fame recently called this phenomenon an index bubble and he’s investing heavily in small-cap value stocks. We also see many good long-term opportunities in the neglected and mispriced Canadian small- and mid-cap sector at valuations well below private market values. IPOs such as Uber priced at ridiculously high valuations signal a market top for money-losing tech stocks, which are now starting to deflate, with the WeWork IPO valuation to be priced nearly 50 per cent lower than the last private equity round.

Watch the interview with Stephen here

July-11-19

Montreal Gazette - Velan executives urged to consider sale as company vows to complete makeover

Several institutional shareholders used the company’s annual meeting in Montreal to voice their concerns about Velan’s future.

Article by Frédéric Tomesco. 

Read the full article here.

June-03-19

BNN Bloomberg Market Call - Stephen Takacsy discusses Velan

Stephen Takacsy, president, CEO and chief investment officer at Lester Asset Management, discusses Velan.

Watch the interview with Stephen here

March-27-19

BNN Bloomberg Market Call - Stephen Takacsy's Top Picks: March 27, 2019

At the end of last year we saw a massive sell-off in stock markets, which was in part a healthy and long overdue correction. However, this correction was magnified by mindless algorithmic trading, momentum and quant funds and retail panic selling. We mentioned last time that this indiscriminate liquidation had created huge opportunities, particularly in the small- and mid-cap sectors, where many good companies were trading at historic low valuations despite record results and strong prospects.

Watch the interview with Stephen here.