Lightspeed Commerce Inc (LSPD.TO)

He does not own this as it is a bit small for them. They play the POS through Square, Shopify and others. Their recent financing has put a bit of a lid on things for now. For a small cap growth stock in Canada, he would not mind owing it -- he just plays in a larger space.

They don't meet his criteria because they make no profits yet. He needs to see at least three years of consistency. They feel like Shopify--strong topline growth. He doesn't know much of what they do. They've come off a lot from their highs. This is a speculative play but for five years. He keeps his eye on it. It could become a success.

Careful with analysts price targets when a stock is soaring up and up, like LSPD. The valuation is rich with all money-losing tech companies, like Uber. LSPD is likely doing better, but has a very high valuation. This will be very volatile--careful. This is a solid company, but too expensive for him.

He bought the IPO and held it to $30. Loves the managers and the story idea. It now trades at a big multiple, too big for him. It's a great Canadian story. They will do well. On the same trajectory as Shopify.

Excellent up and coming Montreal tech company, generally in Shopify's space. Very well-run and growing at 50%, up 200% since the IPO. But: they aren't making money yet and the valuation is pricey. It's overpriced, but he feels this company is going places.