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If I'm remembering this right, I think Savaria came to my attention off of 52 week low list scan. Looked at what they do, and a few news releases and it seemed like something to watch and maybe research further. After you posted I looked through numbers a bit. Key for me would be to put a normalized earnings to the business they now have after turned around. I haven't done that yet. Then put a buyin price to that level.

And I also think Le Chateau isn't as great a buy as it once was.

Personally on Savaria and turnarounds I think its usually better to wait and see how things go for a year or more, and if successful and market price lags; then a better time to buy. Often market price advances too quickly and the great buy is missed but its better than having ownership of a company involved in troubled turnarounds. I think Savaria has quite a bit of turnarounds under way at the moment in terms of total revenue.

It wouldn't surprise me if Savaria ends up in my portfolio sometime in the next year though. But for now I'll just watch.

Duane
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