And let me, can you give us one more, for example?

Yeah, a company called that we just added to coverage.

We just looked at about 3000 US mid to small cap companies.

They all we screen those with a lens of good profitability and net cash on the balance sheet.

So these are companies that don't need a ton of debt to grow and they have produced cash flow to get them to that net cash or more cash in the bank than debt position.

And they're all profitable.

So the company is, this is on the higher risk scale of our research.

What do you think there?

It's great to be back in Toronto, where for now I see the Leafs are winning again.

Is that true? They destroyed Edmonton on the weekend, which I'm always a fan of.

I saw, though, a lot of consternation in Toronto over the past year.

Pretty bad season, all the losing.

But if you'll forgive me a little if I have a little sympathy for you.

I'm a Canucks, Vancouver Canucks.

Ryan, how about you to start us off?

Yeah, I mean, we focus very company specific, but we do know what is working right now generally in the markets, what isn't.

Banks have done very well this year.

We'd be cautious on the banks generally right now because you're looking at 10-year highs in terms of valuations.

So...

People have done well in the banks over the start of this year.

And banks are such a huge part of the Canadian market, the big five, six banks in Canada.

I'll just leave it at that.

[on-hold music] Yeah, I, I'm from Keystone.

Uh, we're a registered financial advisor.

We, um, operate in the Canadian market.

We also operate in the US market as well.

Uh, we started about twenty-five years ago looking at small cap stocks.

And I'm gonna look today at how, you know, you find the next 10X stock and then get it to one or two recommendations.

Yeah

... paying the valuations, just paying out for any type of business." So new buys in this sector, we've had none in five years.

So, um, we track the market.

Cracks started to appear, uh, last year, mainly around the leaps AI was making, fears that generative AI, which can write software, could replace or at least disrupt the moat around software, put the SaaS or seat-based model at risk.

Uh, reducing staffing, for example.

With less staff, there's less seats.

That's not good for the model.

Yeah.