Opinions
Jordan Zinberg
Foraco International S.A.
FAR-T
TOP PICK
Jan 15, 2024
Stock price when the opinion was issued
You might be interested:
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.
Mining services, and rapidly growing water treatment. Very well run, nice clean balance sheet. Missed a couple of quarters because junior miners reduced activity. Numbers looked flat or down. With tariff threat, he wanted his best ideas only and he sold.
Now, mining activity is picking up. May have seen the trough on this one; may or may not have another disappointing quarter. If you can wait another quarter or two, stock may start to rebound.
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)