Q: Hi gang, looks like badger had a good Q. Looking forward is it a good time to get in for 2-3 years hold? Thanks
Alnoor
Alnoor
5i Research Answer:
Please reference our July 11 answer on BDGI; the 2Q was decent, with EPS of 32c missing estimates of 34c, but revenue of $171.9M matching estimates. Sales rose 19% and EBITDA was a record. Stock momentum continues to be strong and market cap has now surpassed $1B, which can bring out new interest. At 20X earnings it is pricey for a cyclical company, but following some consistent growth and with good momentum we find it more interesting today than earlier this year.