Post by
retiredcf on Oct 15, 2024 7:01am
Assessment
The dividend bump was significant and is a bit of a statement by the company. The stock has doubled in the past year and is now 15X earnings. Market cap is now firmly above $1B ($1.6B) which can generate new interest. Earnings forecasts are solid. It can be cyclical, and has had annual losses at times in the past but BDT is clearly on a roll right now. We would be OK buying but might start at a half position after its big gains. We still prefer WSP as it is less risky but being much larger, it may have slower growth. (5iResearch)