Q: Peter and His Wonder Team
BDI is suddenly up 3%+ on heavy volume on a down market day...your thoughts please! Thanks!
BDI is suddenly up 3%+ on heavy volume on a down market day...your thoughts please! Thanks!
5i Research Answer:
BDI ended Monday up just 1.5% and had no news. Trading volume picked up from last week, but we would see this as normal trading for a relatively small company. About 15% EPS growth is expected next year. BDI is up 9% YTD and trades at 19X earnings. Our recent comments still apply here.