This summary was created by AI, based on 4 opinions in the last 12 months.
Experts have unanimously recommended the stock of Black Diamond Group, highlighting its strong financial performance, with bookings and revenues in rentals up over 15%, and quarterly cash reserves growing while debt is being retired and shares bought back. The company is trading at low multiples of earnings and book value. Analysts are optimistic about the company's potential for upside, with price targets ranging from $10.75 to $12.17. Overall, the sentiment towards BDI-T is positive, with experts expecting continued growth and strong performance.
EPS of $0.08 missed expectations of $0.086 and revenues of $91.1M beat estimates of $83.64M. This is the second consecutive quarter of disappointing results, and while it trades at a reasonable valuation of 13.3X forward earnings, its high and growing debt levels are a concern. Its valuation has been lower in the past, and so there is room for multiple contraction here. Given its high debt load and long-term declining earnings, we would feel comfortable taking some gains off the table here. With debt levels creeping higher, we feel this can begin to erode its profits and cash flow.
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This had a big fall yesterday. Back in Feb/March this had a big Sell signal on his system. They couldn’t pay their dividend. It is probably going to have a long recovery time if it makes it.
(Market Call Minute) Earnings outlook has collapsed, but now they are turning around. An interesting speculation.
He owns it for the yield. They do camps and rentals for construction. They raised capital recently to expand their business in construction. It is a lot less volatile than the oil business. The oil and gas industry wants to put money back to work.
Modular housing. A really good business, but just in a bad space right now. You need activity for this business to do well. Thinks we are close to the bottom here. As soon as we see drilling come back there is going to be an appetite for their product.
Black Diamond Group is a Canadian stock, trading under the symbol BDI-T on the Toronto Stock Exchange (BDI-CT). It is usually referred to as TSX:BDI or BDI-T
In the last year, there was no coverage of Black Diamond Group published on Stockchase.
Black Diamond Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Black Diamond Group.
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0 stock analysts on Stockchase covered Black Diamond Group In the last year. It is a trending stock that is worth watching.
On 2024-12-03, Black Diamond Group (BDI-T) stock closed at a price of $8.72.
We reiterate this seller and renter of modular workforce units as a TOP PICK. Bookings and revenues in rentals are up over 15%. Quarterly cash reserves are growing, while debt is retired and shares bought back. It trades at 20x earnings and under 2x book. We recommend trailing up the stop (from $7.50) to $8.50, looking to achieve $12.00 -- upside potential of 20%. Yield 1.2%
(Analysts’ price target is $12.17)