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Black Diamond Group Ltd T.BDI

Alternate Symbol(s):  BDIMF

Black Diamond Group Limited is a specialty rentals and industrial services company. The Company owns a portfolio of businesses that solve the space, accommodation and travel needs of organizations around the globe. Its segments include Modular Space Solutions (MSS) and Workforce Solutions (WFS). The MSS segment, through its brands, BOXX Modular, Britco, MPA, Schiavi and CL Martin, owns a rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. The WFS segment, through its brands, Black Diamond Camps and Black Diamond Energy Services, owns a rental fleet of modular accommodation assets of all types and sizes. It also includes its wholly owned subsidiary, LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America.


TSX:BDI - Post by User

Bullboard Posts
Comment by rationalexuberanceon Apr 19, 2019 8:07pm
74 Views
Post# 29650007

RE:RE:EK

RE:RE:EKI've been following the KML example as well.  No doubt BDI is trying to do the same thing. 

One of the reasons I bought BDI was because of their strong cash flow. I liked how they used it to pay down debt (something most energy companies in Canada DON'T do).  I do take exception to you saying they don't have the cash flow to institute a dividend.

Having said that, I do think there might be something in the works to monetize some of their operations.  They might sell off a division and return the money to shareholders.  With a book value of $4.07 (which is less than 1/2 of where we are right now), this makes a lot of sense.

I'm really excited about the prospect of them turning this stock around.  I plan on attending the AGM and asking a few questions.
Bullboard Posts