Dexterra Group Inc T.DXT

Alternate Symbol(s): HZNOF

Industrials

Dexterra Group Inc. is a Canada-based company, which is engaged in delivering a range of support services for the creation, management, and operation of infrastructure across Canada. The Company operates through four segments: Integrated Facilities Management (IFM), Workforce Accommodations, Forestry and Energy Services (WAFES), and Modular Solutions. The Company's IFM business delivers a suite of operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure. The Company's WAFES business provides a range of workforce accommodations solutions, forestry services and access solutions to clients in the energy, mining, forestry, and construction sectors, among others. The Company's Modular Solutions business integrates modern design concepts with off-site manufacturing processes to produce building solutions for housing, commercial, residential, and industrial clients.

TSX:DXT - Post by User

Dexterra Group Inc

Bullboard Posts

Post by outdawazooon Nov 03, 2016 3:39pm

406 Views

Post# 25421842

TD Action note paints Action List Buy rating...

I just bought more... largely on this action note from TD....

Last night, Horizon reported Q3 results that came in below expectations, driven in large part by weaker-than-expected activity.

Impact: SLIGHTLY NEGATIVE

Though the headline result missed forecasts, we continue to see the legacy energy business as able to support the company's debt service, dividend, and maintenance capital needs. In our view, the construction wins are a validation of the company's competitive offering in permanent modular construction and offer material long-term revenue growth and stability. We have reduced our short-term forecasts for the core business, but we are maintaining our $2.75 target price and ACTION LIST BUY rating.

TD Investment Conclusion

Horizon North's integrated approach to providing accommodation and logistical support to resource development operations offers investors exposure to highly capital-intensive projects (that typically operate for years or decades) without the large upfront outlay required by operators. The company's broad footprint across Western Canada and multiple revenue models offer some diversification and an ability to manage costs. The company's balance sheet and newly revised strategic plan provide long-term growth with acceptable risk.

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