Savaria Corp. is a Canadian company that manufactures, assembles, and customizes a range of stair lifts, platform lifts, and commercial and residential elevators. It operates through two divisions: Accessibility, which designs, makes and installs accessibility products such as stair lifts and elevators; and Adapted Vehicles, which converts both private and commercial minivans (i.e. taxis) for accessible access.
Income Investor
Savaria’s share price recently reached a 12-month high of $20.49 and is up 84% from our initial recommendation. The outlook for Savaria’s mobility solutions remains attractive as retiring baby boomers opt to remain in their own homes. But with the shares selling at almost 31 times the last 12 months’ earnings and up 65% in the last year, it makes sense to Sell Half the position to lock in profits and Hold the remainder. - Gavin Graham
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SIS was first recommended here on December 18, 2016