
TSE:BYD
This summary was created by AI, based on 7 opinions in the last 12 months.
Boyd Group Services Inc. has been facing significant challenges in recent months, with reviews indicating a substantial decline in value, particularly after earning reports. Analysts note a gap between market perception and evaluation, causing caution among investors. While the company is experiencing some positive developments, such as consecutive quarters of same-store sales growth, labor cost pressures and the complexity of vehicle repairs continue to pose risks. The consensus suggests that Boyd operates in a significantly fragmented market, with recent acquisitions necessary for future growth. Analysts also highlight the importance of observing normalized claims cycles and the potential for earnings improvement to ensure a more inviting investment environment.
Was buying more when it dropped. Great company that is exposed to auto body repair. Great revenue sharing agreement with a paint supplier of theirs. Done extremely well over the years but never raised equity and continues to pay great dividends. Liquidity issue as it doesn’t trade a great deal of shares. Some investors may think they are exposed to Calgary flooding.
Auto collision repair. A big consolidator in the sector as well as in the glass repair business. Revenues have doubled in 3 years. Dividend keeps going up. Not expensive. Cash flow is starting to kick in. Thinks they are only just starting. Just made their 1st purchase in Ontario. They know exactly what they are doing. 2% yield.
Reasonable valuation. Has been some private equity buyouts. Growing by acquisition. Pays out a chunk of its cash flow so as it grows it will increase the dividend and they have been. It’s an industry that has not been consolidated at all. There is lots of expansion left for them. Comfortable with the 63% payout ratio.
Has no issue adding to one’s position right now in this one. Growing through acquisition.