Q: Peter and His Wonder Team
BDI just reported quarterly results. Your assessment please...do you think they met analysts expectations? Do you think they create a positive prognosis going forward. Do you think it is a reasonable buy? Thanks for your invaluable insights!
BDI just reported quarterly results. Your assessment please...do you think they met analysts expectations? Do you think they create a positive prognosis going forward. Do you think it is a reasonable buy? Thanks for your invaluable insights!
5i Research Answer:
EPS of 9c crushed estimate of 6.3c; Revenue of $102.2M beat estimates of $84.9M. EBITDA of $26.5M beat estimates by 13%. Revenue rose a robust 39%, EBITDA rose 37%. Commentary was good, with the company focused on both organic growth and acquisitions, and it continues to buyback stock. Debt is still on the high side but these results were solid. The stock is down 14% this year, but we think these results should get it a bit of attention. As a small, cyclical company there remains risks here, and it is more expensive at 15X earnings than many others. But we would see it as a reasonable, though higher risk, buy for small cap investors only.