
TSE:BYD
This summary was created by AI, based on 7 opinions in the last 12 months.
Boyd Group Services Inc. (BYD-T) is facing notable challenges, particularly with rising labor costs and increased accident volumes, which have affected its overall performance. Despite these issues, the company has shown signs of recovery, with positive same-store sales growth in recent quarters and improving margins. Analysts have mixed views; while there are concerns regarding labor shortages and expensive vehicle repairs to navigate, there are indications that the collision repair industry may have reached its bottom. Analysts are cautious about the gap between market perceptions and expectations, indicating the need for sustained improvement and stability before greater optimism can be warranted. There are expectations for potential M&A activity, although the landscape has become less fragmented, possibly affecting future growth trajectories.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company performed well during the pandemic and even raised $230M in May during lockdown. Their financial position is stronger and based on consensus, the EPS could double in 2021. There is still room to go. Unlock Premium - Try 5i Free
(A Top Pick Apr 15/19, Up 30%) It's become a consolidator (which he prefers to a roll-up), because being a consolidator gives Boyd a platform for acquisitions and reduces overall costs. Boyd is a go-to to consolidate tens of thousands of auto body shops. They will expand to the U.S. as a stock, which is okay to hold in an RRSP but not a taxable account.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Still likes it. It has a strong balance sheet with many acquisition opportunities. They will be able to rectify their issue of finding qualified technicians due to high unemployment. Unlock Premium - Try 5i Free