AssessmentBDT has pulled back recently despite decent earnings.
What are the fundamental reasons for the pull back and
does the possible upcoming Trump tariffs affect this stock? Should one wait until Feb 2025 to see and please
give me an entry point?
BDT had a big spike post-earnings, and consolidated somewhat. Shares are still up 85% this year. There has been no negative news. At year end, portfolio positioning can move stocks around and there are always profit-takers on big winners. We would remain interested here at 13X earnings. It has very little US geographic exposure and we would not see tariffs as a huge deal here. We think $26 would be an attractive entry. (5iResearch)