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Bullboard - Stock Discussion Forum AirBoss of America Corp T.BOS

Alternate Symbol(s):  ABSSF

Chemicals Basic Materials
AirBoss of America Corp. is a Canada-based company, which develops, manufactures, and markets rubber-based products. The Company serves its products to automotive, heavy commercial, construction and infrastructure, oil and gas, and defense sectors. The Company operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. Its AirBoss Defense Group segment... see more

TSX:BOS - Post Discussion

AirBoss of America Corp > USD vs CAD
View:
Post by EbbFlow88 on Nov 14, 2023 12:47pm

USD vs CAD

I did my calculations on BOS assuming I was reading the financial statements in CAD and thought it was cheap. Then I realized it's shown in USD! The company is even cheaper than I originally thought...

I think the only thing that can justify this price is an implosion in the auto sector, and with "higher for longer" interest rates I guess that's a possibility, but seems like a stretch at this moment in time.The average age of cars on the road in Canada is 11 years old and 12.5 years in the US. The UAW strike is a short term issue.

This is trading at ~80M USD market cap....with NAV of 186M or more if you give market value to PPE.

Get paid 7% div while waiting. Probably the cheapest valuation in this company's history. 

Anyone else seeing this play out differently?
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AirBoss of America Corp