James TelfserAirboss of AmericaBOS.TOPAST TOP PICKAug 19, 2022

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. 

It did well during Covid but has fallen off and it will be difficult to get back to Covid volumes. Its results are bumpy and he wants more consistency.

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.

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. 

Just look at the chart. Technically, it's not one you want. The stock went vertical, and then it's given it all back and more. What's the catalyst? Margin compression from cost inflation. Interesting, but wait and see what happens.

Go-to supplier during Covid. Struggling. Ukraine conflict has depleted stockpiles, which will need to be filled. Be patient for government contracts to appear. Incredibly cheap. Lots of levers to pull. Great new CEO.

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.

This 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.