The Globe and Mail reports in its Saturday, Sept. 12, edition that Matco Financial manager Anil Tahiliani has been buying more of Kits Eyecare. In a special to The Globe, Brenda Bouw writes that Mr. Tahiliani says Kits Eyecare, the Vancouver-based glasses and contact lens company, is a stock he's owned for about three years and bought more of in November of last year on a pullback.
Mr. Tahiliani says: "The company is executing very well. It has built a strong technology platform to gain a larger share of the U.S. market, which now accounts for about two-thirds of its business. It has also announced direct-billing deals with insurance companies in the Canadian market, making it easier for people to transact. We also like the management team. [One of its founders also started Coastal Contacts Inc., a company bought by France-based optical firm Essilor International SA in 2014.]
I still think there's a huge runway for this company to grow its revenue by 15 per cent to 20 per cent a year over the next few years."
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