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TSE:BDGI

Badger Daylighting (BDGI.TO)

91.06
-1.31 (1.42%)
as of Jun 16, 2026, 4:38:21 pm Market Open.
207 watching
0
Investor Insights
star iconJun 16, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Badger Daylighting (BDGI) has demonstrated strong performance in the market, with a notable 70% increase year-to-date and an impressive 60% rise over the past year. The company benefits from significant infrastructure spending, particularly in utility upgrades and water systems, which has positively influenced its fundamentals and driven margin expansion. Despite the potential for some consolidation as investors secure profits, analysts believe the strong earnings momentum and decent free cash flow support further growth prospects. With a forward earnings multiple around 21.5X and expectations for low double-digit earnings growth, the company's valuation remains attractive, fostering investor confidence for long-term holding.

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Consensus
Positive
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Valuation
Fair Value
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Similar
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BUY
They have been getting away from oil and gas work and more toward infrastructure. They have hydro-vac trucks to excavate so crews can get in and work on gas lines and so on. He got stopped out in March. He would have no trouble buying them back. They are quite well run.
PAST TOP PICK
(A Top Pick Aug 01/19, Down 40%) BAD is associated with shale oil, which of course hasn't done well. But BAD has a mobile fleet that can perform other work. There are better stocks elsewhere, including gold.
DON'T BUY
Sell VET-T and buy BAD-T? Both are highly cyclical and cyclicals can turn down hard now. Problem is, their technology is not proprietary so they have no competitive advantage.
PAST TOP PICK
(A Top Pick Feb 11/19, Down 2%) They use trucks with water and a vacuum to dig. Their trucks can move beyond the oil patch and are being used for flood mitigation in the US. There should still be opportunity, but he is no longer holding it.
TOP PICK
They are not dependent on the oil patch. It has been penalized because they reduced guidance for the year based on some weather related problems. They doubled their US business in the last 2 to 3 years. 70% of their business is now in the US. It is a very well managed company. (Analysts’ price target is $43.25)
BUY
It broke $30. You can buy it now during the recent pullback.
HOLD
He has owned this a long time. It is in the hydro-vac business. They have moved into the US and diversified into utility work. There is a major short seller. What has hurt it lately is they did not meet recent earnings expectations. He thinks it is over done to the downside. He still would own it.
COMMENT

BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.

WATCH

He made good profits then sold when it got pricey. He got worried that its current decline would continue. Technical analysts warned about it. The fundamental business is great. A lot of 5G needs to go in, so this is a good long-term investment and he may buy it back.

PAST TOP PICK
(A Top Pick Sep 24/18, Up 51%) Short-sellers were spreading rumours about it, and he's long defended Badger. It now has the valuation it deserves. It's still reasonably priced. Well-managed with a huge organic runway of growth ahead. They're buying back a lot of shares.
HOLD
A soft quarter recently, but it will be short lived. They have diversified away from Canada in to the US and away from energy. Their hydro-vac units are used in numerous infrastructure projects.
BUY
Their recent release was light on earnings because of weather. The economics of this business are quite interesting. They get a certain amount of revenue a day from their trucks. The company thinks they have a big runway in the US. It has been a well managed company. The pull back has created an entry point.
TOP PICK
A $1.7 billion market cap. Their hydro-vac vehicles creates great free cash flow -- $58 million last year. ROE 23%. Earnings expected to grow by 22% next year. Yield 1.18% (Analysts’ price target is $54.13)
N/A
Market. BAD-T about 2.5 years ago had a huge short position. He thought that was unusual. He was convinced the shorts were wrong. One of the short sellers launched an attack that was just lies. It went down on volume. Insiders then bought a bunch and the stock more than doubled. The short-seller was wrong. If your stock is subject to one of these attacks then don't run for the doors. The regulators don't do much about this tactic. Often times what is said about these companies is untrue and you should not let them steer you. The BAD-T shares have come roaring back. This happened mid-2017. It is a pity that investors have to pay the price for this.
BUY
He really likes it and made a lot of money on it. He has trimmed a little. There is tremendous organic growth. They are trading at a reasonable valuation.
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