Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Latest results were strong and this is a good name to own for sector exposure. Margins grew and the company is handling costs quite well. Fundamentals and balance sheet looks good. Position size should be carefully chosen, especially with the higher 18.6x earnings valuation. Momentum is strong. Unlock Premium - Try 5i Free
As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.
This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.
He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.
The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.
(Market call Minute) Prefers equipment space, not the drillers.
Major Drilling Group International Inc is a Canadian stock, trading under the symbol MDI-T on the Toronto Stock Exchange (MDI-CT). It is usually referred to as TSX:MDI or MDI-T
In the last year, 8 stock analysts published opinions about MDI-T. 8 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Major Drilling Group International Inc.
Major Drilling Group International Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Major Drilling Group International Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
8 stock analysts on Stockchase covered Major Drilling Group International Inc In the last year. It is a trending stock that is worth watching.
On 2022-05-17, Major Drilling Group International Inc (MDI-T) stock closed at a price of $10.83.