Motorola Solutions is one of the holdings in the Caldwell U.S. Dividend Advantage Fund. Tell us about it.
A transcript of this episode is available below, modified for a more enjoyable reading experience. For more posts exploring the ideas we talk about in the episode, check out our Related Reads links.
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.
|00:15||Yes. We purchased Motorola Solutions that we will not for a while in our dividend growth strategy and more recently in our North American equity strategy.|
|00:24||So the company provides mission critical communication systems to public safety and commercial customers and so as an example during Hurricane Irma in Florida the Public Safety Service saw no sites down no outages. All communications worked flawlessly and I see that that's very important to the company is using its dominant position to more than double its addressable market as they've been investments into related offerings over the last few years such as video and command center software.|
|00:54||And these investments have started to pay off with the company recently recording a record backlog. Margins have also started to move meaningfully higher as these are higher margin businesses and the growth runway is significant. With a billion in revenue vs. thirty nine billion dollar market opportunity and market demand is strong given heightened demand for security and public safety an antiquated command center offering. So we think it's still early stages in this story and expect a much higher share price over the next several years.|