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TFSA (Tax-Free Savings Account) investors are fortunate to get an additional $7,000 of contribution space in 2024. If you have the cash and are looking for some undervalued TSX stock ideas, here are four stocks in different sectors to consider adding in February.
A TSX software stock
Enghouse Systems (TSX:ENGH) has had a rough go over the past five years. Its stock soared 100% during the pandemic. It has now pulled back to the point where it only has a 6% stock gain over that period.
Now, total returns are not entirely that bad. The company had a massive surge in demand and earnings through the pandemic. It paid a special $1.50-per-share dividend on top of the $2.70 of base dividends it has paid since 2020.
The company is sitting with $230 million of cash and no debt. It has made several small acquisitions in recent years, but it is primed to really accelerate its mergers…
