Bird Construction Income Fund

BDT-T

Analysis and Opinions about BDT-T

Signal
Opinion
Expert
COMMENT
COMMENT
September 11, 2020
The overall yield is 5.8%. The dividend seems to be well covered. The earnings for last quarter were 33% higher than expected. The outlook for the company is pretty good. The acquisition could offer good synergy.
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The overall yield is 5.8%. The dividend seems to be well covered. The earnings for last quarter were 33% higher than expected. The outlook for the company is pretty good. The acquisition could offer good synergy.
COMMENT
COMMENT
September 9, 2020
Feds announced infrastructure spending, and this would help all the construction companies. In general, not great nest egg investments. Earnings can be volatile. Funding for projects is not steady over time. Nothing against owning it, but doesn't see it as a lifetime hold.
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Feds announced infrastructure spending, and this would help all the construction companies. In general, not great nest egg investments. Earnings can be volatile. Funding for projects is not steady over time. Nothing against owning it, but doesn't see it as a lifetime hold.
DON'T BUY
DON'T BUY
October 3, 2018

This is a tough business to be in as construction and design are low margin businesses. The last couple of quarters showed some operational hiccups. He needs to see these issues turn around before investing. He thinks there are other ways to play the infrastructure wave, such as Brookfield or SNC Lavalin.

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This is a tough business to be in as construction and design are low margin businesses. The last couple of quarters showed some operational hiccups. He needs to see these issues turn around before investing. He thinks there are other ways to play the infrastructure wave, such as Brookfield or SNC Lavalin.

COMMENT
COMMENT
December 21, 2017

He likes the company and management. Not sure of visibility at this point, but would feel comfortable with the overall structure and the way they have been able to operate. Dividend yield of 3.9%.

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He likes the company and management. Not sure of visibility at this point, but would feel comfortable with the overall structure and the way they have been able to operate. Dividend yield of 3.9%.

COMMENT
COMMENT
June 9, 2017

This has been a very good stock. They are situated mostly in the West. Through the last few years, this has done consistently well. At some point, this is going to have a turnaround. Thinks the worst is over for them. If you are a long-term buyer, and you want to be in this space, you are probably good to go.

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This has been a very good stock. They are situated mostly in the West. Through the last few years, this has done consistently well. At some point, this is going to have a turnaround. Thinks the worst is over for them. If you are a long-term buyer, and you want to be in this space, you are probably good to go.

COMMENT
COMMENT
May 26, 2017

A great, great performer for years and particularly strong in the oil sands with a concrete business. Particularly liked the old management, not to say that the newer management is not to be liked, but it doesn’t seem to have the same colour and performance. They had a dividend cut, which was probably very prudent.

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A great, great performer for years and particularly strong in the oil sands with a concrete business. Particularly liked the old management, not to say that the newer management is not to be liked, but it doesn’t seem to have the same colour and performance. They had a dividend cut, which was probably very prudent.

COMMENT
COMMENT
February 7, 2017

Just looked at this recently, and it was badly hit. With all the infrastructure planning, you would think that it would do well and hopefully come back. Has admired the company for a long time. They have an excellent track record. Dividend yield of 4.2%.

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Just looked at this recently, and it was badly hit. With all the infrastructure planning, you would think that it would do well and hopefully come back. Has admired the company for a long time. They have an excellent track record. Dividend yield of 4.2%.

COMMENT
COMMENT
February 1, 2017

Canada’s 3rd largest construction firm. The perception is that they have exposure to the energy sector, which is slowing down. There are lots of other things going on though. This is a stock that may be down unduly because of perception rather than reality. Feels the future is brighter for this company and it is the best value in construction stocks.

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Canada’s 3rd largest construction firm. The perception is that they have exposure to the energy sector, which is slowing down. There are lots of other things going on though. This is a stock that may be down unduly because of perception rather than reality. Feels the future is brighter for this company and it is the best value in construction stocks.

TOP PICK
TOP PICK
January 31, 2017

This has not performed very well. However, there is a tremendous amount of upside potential, particularly because the company was negatively impaired by the slowdown in Western Canada and lower commodity prices. As we hit an inflection point and see CapX budgets increase with a bit of an improvement in the Alberta economy, which should grow 2% this year coupled with federal infrastructure spending, we could see the backlog start to go up and people get more optimistic about margin growth. They recently cut the dividend, so it should be relatively safe. Has about $4.80 in cash per share on their balance sheet. Dividend yield of 4.36%. (Analysts’ price target is $10.)

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This has not performed very well. However, there is a tremendous amount of upside potential, particularly because the company was negatively impaired by the slowdown in Western Canada and lower commodity prices. As we hit an inflection point and see CapX budgets increase with a bit of an improvement in the Alberta economy, which should grow 2% this year coupled with federal infrastructure spending, we could see the backlog start to go up and people get more optimistic about margin growth. They recently cut the dividend, so it should be relatively safe. Has about $4.80 in cash per share on their balance sheet. Dividend yield of 4.36%. (Analysts’ price target is $10.)

PAST TOP PICK
PAST TOP PICK
November 3, 2016

(Top Pick Nov 25/15, Down 22.22%) It had improving price momentum at the time as well as being cheap and having a big backlog. They missed their Q2 and misses have really punished stocks recently. He got out. Their business slowed from where he thought it would be. It is still cheap and if you have the time to wait, it now scores in the top 20% in terms of valuation, 6 times price to cash flow. Expect it to stay in the penalty box until they can show some improved earnings.

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(Top Pick Nov 25/15, Down 22.22%) It had improving price momentum at the time as well as being cheap and having a big backlog. They missed their Q2 and misses have really punished stocks recently. He got out. Their business slowed from where he thought it would be. It is still cheap and if you have the time to wait, it now scores in the top 20% in terms of valuation, 6 times price to cash flow. Expect it to stay in the penalty box until they can show some improved earnings.

BUY
BUY
September 29, 2016

This is the one he would be looking closely at here. Their balance sheet is quite good. Risk reward looks pretty good. It is great for individuals, but it does not trade a lot so holds him back as an institutional investor.

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This is the one he would be looking closely at here. Their balance sheet is quite good. Risk reward looks pretty good. It is great for individuals, but it does not trade a lot so holds him back as an institutional investor.

SELL
SELL
September 23, 2016

Management has said 2017 will be a transition year for them. Part of the issue has been a declining backlog in business and declining commodity prices. Thinks the stock is going to be challenged over the next 6 months to a year. This is one that he would rather be Selling or avoiding for the next year. Payout ratio by the middle of next year should spike out at 132%, which is a bit of a worry. Also, are they going to have a dividend.

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Management has said 2017 will be a transition year for them. Part of the issue has been a declining backlog in business and declining commodity prices. Thinks the stock is going to be challenged over the next 6 months to a year. This is one that he would rather be Selling or avoiding for the next year. Payout ratio by the middle of next year should spike out at 132%, which is a bit of a worry. Also, are they going to have a dividend.

COMMENT
COMMENT
June 28, 2016

When you see what the government is planning on doing on infrastructure and building, this company could do well. A smartly run company. Thinks it has a fair bit of upside from here.

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When you see what the government is planning on doing on infrastructure and building, this company could do well. A smartly run company. Thinks it has a fair bit of upside from here.

BUY WEAKNESS
BUY WEAKNESS
May 17, 2016

Has owned this in the past. Just had some numbers out that were pretty good. Has a very healthy dividend, and their payout ratio is less than 100% which is nice. Expects they will continue to get a lot of work from infrastructure that is going to be upgraded over the next couple of years. Also, expects they will get some work on the Fort McMurray situation as well. If you could Buy on a pullback, that would be ideal.

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Has owned this in the past. Just had some numbers out that were pretty good. Has a very healthy dividend, and their payout ratio is less than 100% which is nice. Expects they will continue to get a lot of work from infrastructure that is going to be upgraded over the next couple of years. Also, expects they will get some work on the Fort McMurray situation as well. If you could Buy on a pullback, that would be ideal.

COMMENT
COMMENT
April 12, 2016

Would steer clear of construction/engineering firms. So much depends on 1) winning contracts and 2) completing the contracts at a profit. Historically, in order to win contracts, companies might bid a very finely calculated price, and then get surprises on completion that will hit their profit margins.

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Would steer clear of construction/engineering firms. So much depends on 1) winning contracts and 2) completing the contracts at a profit. Historically, in order to win contracts, companies might bid a very finely calculated price, and then get surprises on completion that will hit their profit margins.

Showing 1 to 15 of 58 entries

Bird Construction Income Fund(BDT-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Bird Construction Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bird Construction Income Fund(BDT-T) Frequently Asked Questions

What is Bird Construction Income Fund stock symbol?

Bird Construction Income Fund is a Canadian stock, trading under the symbol BDT-T on the Toronto Stock Exchange (BDT-CT). It is usually referred to as TSX:BDT or BDT-T

Is Bird Construction Income Fund a buy or a sell?

In the last year, there was no coverage of Bird Construction Income Fund published on Stockchase.

Is Bird Construction Income Fund a good investment or a top pick?

Bird Construction Income Fund was recommended as a Top Pick by Robert McWhirter on 2020-09-11. Read the latest stock experts ratings for Bird Construction Income Fund.

Why is Bird Construction Income Fund stock dropping?

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.

Is Bird Construction Income Fund worth watching?

0 stock analysts on Stockchase covered Bird Construction Income Fund In the last year. It is a trending stock that is worth watching.

What is Bird Construction Income Fund stock price?

On 2020-09-25, Bird Construction Income Fund (BDT-T) stock closed at a price of $6.12.