Boyd Group Services Inc.

BYD-T

Analysis and Opinions about BYD-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
September 12, 2019
Very well run. Potentially could buy on a pullback. Good market share. More income than growth. Valuation has kept her out. Yield is 0.3%.
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Very well run. Potentially could buy on a pullback. Good market share. More income than growth. Valuation has kept her out. Yield is 0.3%.
DON'T BUY
DON'T BUY
September 3, 2019
Investors buy this for the yield. Valuations of interest-sensitive stocks like this are getting pressured now, so he wouldn't add to or buy this now.
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Investors buy this for the yield. Valuations of interest-sensitive stocks like this are getting pressured now, so he wouldn't add to or buy this now.
WAIT
WAIT
August 8, 2019
Has tended to peak out every time it gets to 5.5x book value. And that's where it is right now. Doesn't see a lot of upside from here. Would want to see it drop back before he buys.
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Has tended to peak out every time it gets to 5.5x book value. And that's where it is right now. Doesn't see a lot of upside from here. Would want to see it drop back before he buys.
TOP PICK
TOP PICK
July 22, 2019
He's long owned this and Boyd continues to execute (though there may be a slower quarter coming). They suffered a ransomware attack recently. There'll be tremendous consolidation in the car repair space, because the big three own only 5% of the market. Excellent managers. You can add on weakness. (Analysts’ price target is $185.64)
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He's long owned this and Boyd continues to execute (though there may be a slower quarter coming). They suffered a ransomware attack recently. There'll be tremendous consolidation in the car repair space, because the big three own only 5% of the market. Excellent managers. You can add on weakness. (Analysts’ price target is $185.64)
TOP PICK
TOP PICK
June 19, 2019
Collision repair centres. They make great acquisitions and quickly find efficiencies. They have deals with large insurance companies as they are the required centre to have repairs done. A long runway for growth. Yield 0.32% (Analysts’ price target is $182.83)
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Collision repair centres. They make great acquisitions and quickly find efficiencies. They have deals with large insurance companies as they are the required centre to have repairs done. A long runway for growth. Yield 0.32% (Analysts’ price target is $182.83)
WAIT
WAIT
May 21, 2019
Has had a big run this year, because of less competition due to a merger. Plus, acquisitions this year have investors excited. Not the time to buy now. There's room to keep growing. It's a growing industry, as more technology is impacted with each fender bender. Insurance companies want to deal with companies that have more scale, which also benefits them.
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Has had a big run this year, because of less competition due to a merger. Plus, acquisitions this year have investors excited. Not the time to buy now. There's room to keep growing. It's a growing industry, as more technology is impacted with each fender bender. Insurance companies want to deal with companies that have more scale, which also benefits them.
STRONG BUY
STRONG BUY
May 15, 2019
Fantastic chart. An easy analysis. Strong uptrend since January.
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Fantastic chart. An easy analysis. Strong uptrend since January.
TOP PICK
TOP PICK
April 15, 2019
They started out doing windshield replacements in Winnipeg. They've moved into the US in a major way as a consolidator where there is a lot of room to run. The stock has had a great run-up, but can keep going. (Analysts’ price target is $156.25)
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They started out doing windshield replacements in Winnipeg. They've moved into the US in a major way as a consolidator where there is a lot of room to run. The stock has had a great run-up, but can keep going. (Analysts’ price target is $156.25)
TOP PICK
TOP PICK
April 12, 2019
The car repair chain continues to operate in a fragmented industry. There is great opportunity for them to re-invest cash for future acquisitions. Earnings growth continue to be bumped up -- 20% in 2020. Yield 0.36% (Analysts’ price target is $156.25)
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The car repair chain continues to operate in a fragmented industry. There is great opportunity for them to re-invest cash for future acquisitions. Earnings growth continue to be bumped up -- 20% in 2020. Yield 0.36% (Analysts’ price target is $156.25)
COMMENT
COMMENT
January 28, 2019
$100 was a breakout. Now we're at the bottom of a head and shoulders. The top will be the next big test up. Anything above $100, continue to hold. No reason to panic. It's doing the consolidation it needs to do.
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$100 was a breakout. Now we're at the bottom of a head and shoulders. The top will be the next big test up. Anything above $100, continue to hold. No reason to panic. It's doing the consolidation it needs to do.
DON'T BUY
DON'T BUY
December 18, 2018
Low dividend of 0.5%. They buy small auto repair shops across North America. A growth company. Trades at 25x earnings, not cheap. If the economy goes south, it'll put strain on them.
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Low dividend of 0.5%. They buy small auto repair shops across North America. A growth company. Trades at 25x earnings, not cheap. If the economy goes south, it'll put strain on them.
SHORT
SHORT
November 27, 2018
He's short this. A lot of former income trusts have done a lot of buying because of cheap financing in recent years. This has driven their growth, but financining will continue to get expensive. Boyd has cash, but also debt. They may miss their next quarter.
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He's short this. A lot of former income trusts have done a lot of buying because of cheap financing in recent years. This has driven their growth, but financining will continue to get expensive. Boyd has cash, but also debt. They may miss their next quarter.
TOP PICK
TOP PICK
November 15, 2018
They just reported soft numbers but the stock went up. Auto collisions are reliable. They have $400M for acquisitions. It has been reliable for 10 years. Non-crashing autonomous cars are a long way away. (Analysts’ price target is $130.35)
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They just reported soft numbers but the stock went up. Auto collisions are reliable. They have $400M for acquisitions. It has been reliable for 10 years. Non-crashing autonomous cars are a long way away. (Analysts’ price target is $130.35)
BUY
BUY
October 26, 2018

A+ management. One of the best performers on the TSX for the past decade. They continue to take market share, but the multiple isn't cheap. They're the only stock to play collision repairs, which is a highly fragmented space. They make highly accretive acquisitions. He holds a big position.

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A+ management. One of the best performers on the TSX for the past decade. They continue to take market share, but the multiple isn't cheap. They're the only stock to play collision repairs, which is a highly fragmented space. They make highly accretive acquisitions. He holds a big position.

BUY
BUY
October 16, 2018

Long owned this. There are two trends that could hurt Boyd: driverless cars that would eliminate car crashes (but that could be 15 years away), and new cars need new tech like lasers. Their advantage: insurance companies prefer one company with many locations than a bunch of small shops. There's a lot of room to grow here. Also, crashes are up.

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Long owned this. There are two trends that could hurt Boyd: driverless cars that would eliminate car crashes (but that could be 15 years away), and new cars need new tech like lasers. Their advantage: insurance companies prefer one company with many locations than a bunch of small shops. There's a lot of room to grow here. Also, crashes are up.

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