Jordan Zinberg
Foraco International S.A.
FAR-T
TOP PICK
Jan 15, 2024
It's been around for 60 years in the mining drilling services business. It has started focusing on less volatile geographical area and on EV metals. There is steady progress on the top and bottom line financials. Costs of financing will drop. It trades at a good valuation and higher margins than other similar service companies -also much higher growth. Buy 1 Hold 0 Sell 0
Minding services and drilling. New management team continues to perform. Higher revenues and margins. Peers in sector trading roughly 2x higher. Expecting continue growth. Would recommend buying at this price.
Does own shares. Is a great investment. Well run business with good management. Excellent balance sheet with expanding margins. Could be a good takeout target.
Didn't meet his expectations last year. Revenue growth was softer. Company exited higher-risk jurisdictions to focus on more stable areas. Management's doing well, financials are good. Watching to see how well it penetrates US market. Still likes it.
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It's been around for 60 years in the mining drilling services business. It has started focusing on less volatile geographical area and on EV metals. There is steady progress on the top and bottom line financials. Costs of financing will drop. It trades at a good valuation and higher margins than other similar service companies -also much higher growth. Buy 1 Hold 0 Sell 0
(Analysts’ price target is $6.00)