Element Fleet is one of the holdings in the Caldwell Canadian Value Momentum Fund. Tell us about it.
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Jennifer Radman, CFA
Vice President & Senior Portfolio Manager
Jennifer is VP & Senior Portfolio Manager at Caldwell Investment Management Ltd. She is the lead equity PM on the Caldwell Balanced Fund and lead PM on the award-winning Caldwell Canadian Value Momentum Fund.
Jennifer joined Caldwell in 2003 where she has been a member of 2 Lipper Award winning teams. In 2016, Jennifer earned the Citywire’s Alpha Female Award as a Top 3 Female Portfolio Manager in Canada.
Ms. Radman graduated Magna Cum Laude with a finance degree from the University of South Carolina, where she played the #1 spot on the school’s top-20 NCAA Division I ranked tennis team. She contributes regularly to media outlets including the Globe and Mail, Huffington Post, Wealth Professional Canada and MoneySense Magazines and is featured as a speaker on BNN Bloomberg and other industry significant Radio and TV programs. Jennifer enjoys golfing, running 5ks and travelling in her spare time.
To learn more about Jennifer Radman click here to download her Q&A.
|00:14||Yes so we purchased element fleet in our Canadian value momentum strategy in April 2019 and more recently in our North American equity strategy. Markets have been very macro driven since the fourth quarter of 2018 and then that kind of environment.|
|00:29||It's especially attractive to have value creation that it's in management's control and that's what we have with element fleet. The company is the largest provider of fleet services in North America. It's an attractive business model. They're doing a great job executing a turnaround and have recently articulated an attractive growth plan. And when we asked management what's most underappreciated about the business the responses the resiliency of the business in a weaker macro environment which is obviously attractive.|
|00:59||So we think it's still early stages in the story and expect a much higher share price over the next several years.|