Badger Infrastructure (BDGI.TO)

Has had an outstanding run. Came off today, but it’s a fantastic company. Great prospects ahead of it in terms of geography and the types of work it does. If it came back down a bit, he might add some to his holdings.

Disappointment with released numbers. When a stock is on fire, seasonal analysis does not apply. When these high flyers disappoint, they get hit. About the $33 level there could be some support.

Found it expensive. They are expanding into the US and are priced to perfection. Well managed company. They have to find the right resources to operate the hydrovac trucks in the North West Territories. It could really come off in a correction.

Has been selling it as it has gone up. Half last year and a quarter last month. This is a growth company that became a momentum stock. Thinks some of the momentum is coming out of the stock. Has not bought for new clients for a while. If it came down into the low to mid $30s, he would start buying again.

This tends to do well from March through until May. Chart shows a nice upward trend in 2011 and has gone parabolic since late 2012. You tend to want to avoid cyclical stocks during the summer.

(A Top Pick May 23/13. Up 170.59%.) Still loves this. Had a phenomenal run in Canada and has moved into the US. The Canadian business, even though it is mature, is still growing at 25% per year. The US business is growing at a faster clip. Just announced they are going to go from manufacturing 45 trucks to manufacturing 65 trucks. Also, revenue per truck has gone up.

Loves this one. During the recent volatility, a lot of US names have had nasty days, but this one just keeps on trucking. It doesn’t seem to respond to market volatility. They say they can still double the number of units they have in the US, which is a tremendous amount of growth for them. Still growing in Canada also. Governments are now interested in their technique because it is way cheaper so you need fewer days and fewer units. Attractive cost effective way of construction.

This stock has earnings momentum which is important. Last week there was a positive breakout on one of his EBV (Economic Book Value) lines. He’d love to see it pull back down to the $35-$40 level and let the fundamentals catch-up to the stock of little bit. (He’ll have a blog posted on his site in the next week or so.)

Has been reluctant to add to his holdings. Reported good earnings. While it is not a bargain, it is not vastly overpriced. Dividend is safe.

Great company. Been a very good performer. Recently split 3:1. Fleet of vacuum trucks that clean out the area when you dig up a water main. Not much competition and a high margin business. Cash flow is good and you get a modest dividend. A little more upside here. It will grow as infrastructure spending grows.

(A Top Pick Jan 31/13. Up 192.09%.) Sold half his position last year at about $22. Hasn’t bought any new stock for new clients for a while as he thinks it is ahead of fundamentals for now.

Recently did a 3 for 1 stock split which has brought more investors in. Was quite surprised they didn’t raise their dividend in the last quarter. They definitely have the room to do this. Earnings growth was way better than expected. The US division is starting to pick up steam. Multiple is still okay and he thinks it is going higher from here.

Chart shows a strong uptrend. It is now coming back to test the trend, which is normal. Chart shows higher highs and higher lows. There is no sign of a breakdown on the chart.

Doing a 3 for 1 stock split. Has been a remarkable performer. They have a great growth model. ROE is about 25%. Earnings are growing in the mid-20% range.

Going to have a 3 for 1 stock split shortly, which is very positive in his math and it will increase his model price. Closed at $90.40 and he has a model price of $67.09, a negative 25%. He would love to see it pull back to the $76 range.