Q: Hello Peter,
Being with Raymond James, they recommended buying Bird Construction as they had it as a Strong Buy beginning of 2014 so we purchased it and have been losing money ever since..now down 30%. Last Friday Raymond James downgraded the stock to market perform with only an $11.00 target. In their notes they say it is a great company but not the best construction stock to own at this time. I am wondering if we could get your take on BDT and if the dividend was safe at this time. The dividend is important to me being a retiree.
Or would you suggest we put our money into something else.
Thank you,
Charlie
Being with Raymond James, they recommended buying Bird Construction as they had it as a Strong Buy beginning of 2014 so we purchased it and have been losing money ever since..now down 30%. Last Friday Raymond James downgraded the stock to market perform with only an $11.00 target. In their notes they say it is a great company but not the best construction stock to own at this time. I am wondering if we could get your take on BDT and if the dividend was safe at this time. The dividend is important to me being a retiree.
Or would you suggest we put our money into something else.
Thank you,
Charlie