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Opinions Ryan Modesto
Airboss of AmericaBOS.TOSELLNov 25, 2016
Stock price when the opinion was issued
As of Jun 16, 2026. Market Open.
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Won lots of contracts during pandemic, huge tailwind. Multiple has pulled back. In current environment, countries are spending more on gas masks, overboots, etc. Absolutely believes demand will pick up. Large contracts to be won, but the bid process has lots of moving parts. Quite bullish on the name.
Company performing very well. Rubber products very profitable. US growth continues with defensive spending. Management team performing well with good strategic review. Expecting company to focus on traditional rubber compounding business - will increase cash flows.
James Telfser
Has come off since Covid. Too niche for his global growth fund. Very orders-based, so when orders dry up, stock falls. Lots of competition. Not interested, despite drop in price. Better opportunities elsewhere.
Jamie Murray Owns shares in company. Reporting at end of month. Performance of shares a surprise to shareholders(negatively). Turmoil in global economy putting pressure on company. Believes dividend is safe. Good for long term investors who are seeking capital appreciation.
James Telfser
Did well during Covid, but then contracts got pushed. Has been bidding on meaningful contracts. He thought market would respond more favourably to improvements in AEP, but people seem to be waiting for more contracts. Optionality to unlock value in defense, property, AEP. Great buy here.
James Telfser
James Telfser
James TelfserJames Telfser
Peter HodsonThis is a beautifully run company with revenues of $300 million per year. They are into anything rubber. The balance sheet has not changed in years and they recently increased the dividend. He thinks today’s current price is still expensive so would not buy it here. If you owned it for the dividends you should hold.
This does rubber compounding solutions, like repairing treads, conveyor belts, etc. They bought a defence products company recently. None of those businesses are really working out too well. This is more of a macro growth issue. He likes it from a value perspective, but now with the recent weak quarter and the management outlook, it hard to find much to like about the company. It could be used as a tax-loss sale, and look at returning in 6 months’ time when management outlook starts improving.