Hap (Robert) Sneddon FCSI
Brink's Company
BCO-N
HOLD
Apr 15, 2019
We have a trend of lower highs. We have some resistance. We have to get through $80, $85 and then $88. If it broke below $73 then there is a good chance you would re-visit the $61 low. It is a pretty good risk/reward, although he does not know what the catalyst will be for growth.
He is not very familiar with this company. In terms of its business of physical security, there will always be movement of cash, jewelry and sensitive documents that must be guarded, so this is a good type of business to be in.
A bit security and logistics. The stock has been very steady. The PEG ratio is about 1, so it is not overly compelling. A cup and handle formation that might be breaking out. They may have a share buyback in place. Not a sexy holding, but not a lot positive. He would watch.
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