Back InOwned this stock over a year ago. Really liked the Australian deal back in July but the SP took off so I held back. But jumped back in this morning as it seems to be trading at a reasonable level. Here is the NB analyst video that was mentioned. Also included some comments from 31 July, when the SP was $32.09. GLTA
Hot Picks: Three stocks to consider in the industrials sector Maxim Sytchev, managing director at National Bank Financial, joins BNN Bloomberg with three stocks in the industrials sector.
https://www.bnnbloomberg.ca/video/hot-picks-three-stocks-to-consider-in-the-industrials-sector~2807117
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The stock was also up on very strong earnings, with EPS more than 14% ahead of estimates and sales more than 8% ahead. For a $900M company, the $395M acquisition is very significant. NOA entered Australia two years ago, and this deal instantly gives it scale and market share, and allows it to serve its global customers better. It also further diversifies its overall business. It adds about 1,400 employees and a $4B backlog. It is highly accretive to sales and earnings. Debt-financed, there is risk, but the earnings boost is substantial. We think it is a solid deal, and the stock remains cheap overall despite the gains last week. (5iResearch)