Q: Hi Peter
I added to wcp with the pull back (pays a dividend)
I am thinking of putting in a 1/2 position for BTE
what do you think of the company
and a good entry price? thanks
Michael
I added to wcp with the pull back (pays a dividend)
I am thinking of putting in a 1/2 position for BTE
what do you think of the company
and a good entry price? thanks
Michael
5i Research Answer:
We like BTE better these days. It was in the dog house for a long time (high debt, dividend elimination) but has managed to get things back on track. It has re-started a dividend, and is very cheap. Debt is still higher than most peers, however, and it made a $1.3B acquisition this year while the rest of the sector focused on paying down debt. We do like WCP 'better', but for diversification we think BTE becomes more interesting if it goes below $5.