David Barr was a guest on BNN’s Business Day. He was asked about the small cap tech sector in Canada – the landscape and the opportunities, including stock picks Redline (RDL) and Espial (ESP).
“In Canada we have great technology and great company builders, but if you look at the public equity markets most investors focus on the resource industry, particularly in small cap land. Everybody’s neighbour got rich buying moose pasture in Saskatchewan so they want to do it too. We like to take a much more conservative approach and understand businesses and so technology really falls off the radar of a lot of investors.”
“When you see expensive valuations … and no growth, it’s certainly not something we find intriguing,” Narhi said. “We find more interesting things outside the index.”
Felix Narhi and David Barr talk to Jonathan Ratner.
“For a Canadian tech investor, there’s big upside to the “sellout culture.”
The tendency of Canadian tech companies to sell in recent years rather than continue to build has provided one windfall after another to well-positioned money managers.
David Barr…has seen 39 holdings in one fund he manages bought out since inception.”
Tim Shufelt, The Globe and Mail, digs a little deeper into Pender’s 2016 Lipper Fund Award win for the Pender Small Cap Opportunities Fund with an interview with David Barr.
PenderFund Capital Management, the Manager of the Pender mutual funds, is pleased to announce that it has been recognized for excellence in investing for the second year in a row. At the Canada Lipper Fund Awards, held in Toronto on November 9, 2016, the Pender Small Cap Opportunities Fund received the 2016 Lipper Fund Award for Best Canadian Focused Small/Mid Cap Equity Fund over both three and five year performance periods. The Fund is consistently the top ranked fund in its category* and the Lipper awards recognize this strong, risk-adjusted performance relative to their peers.Continue Reading