TSX:BDI - Post Discussion
Post by
Norwood66 on May 10, 2021 11:36am
RJ Summary
| Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50. | Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50. | | | | | | | | | | | |
| Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50. | | | | | |
| Black Diamond Group has started 2021 on a high note. Its better-than-expected first quarter results showed that the Modular Space Solutions (MSS) segment is benefiting from favourable industry tailwinds and Vanguard’s strong contribution, the LodgeLink digital workplace travel platform is successfully transitioning from concept to scale, and the Workforce Solutions (WFS) business is no longer acting as a spoiler. Year-to-date, this segment has already booked over $56 mln of contracted revenue across BDI's geographies, offering a positive backdrop for rental revenue growth into the back half of 2021. With this much visibility, we are comfortable rolling our valuation forward to 2022 and increasing our target price to $6.25 from $4.50 | | | | | |
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