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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (58193)4/23/2019 7:50:58 PM
From: Goose94Read Replies (2) of 202925
 
Black Diamond Group (BDI-T) Raymond James analyst Andrew Bradford says it is time for investors to "rethink" Black Diamond Group's business. Mr. Bradford boosted his rating to "outperform" from "market perform." Mr. Bradford is sticking with his $3 share target, which is 16 cents less than the consensus.

Mr. Bradford says in a note: "After observing Black Diamond's share price track the oil sands workforce's decline with remarkable precision, investors can be forgiven for treating the company as a one-trick pony on Alberta's once vibrant resource play. But that, in our opinion, would ignore the significant efforts management has expended to diversify the business in recent years.

For proof consider that since the bottom fell out of Canada's energy sector in 2015, the firm has acquired rental assets from entities active in various sectors across British Columbia, Ontario and Texas, and earmarked whatever capital left to also expand its Modular Space Solutions (MSS) segment organically. The result is a 55-per-cent increase in the MSS unit count over the past three years, and the potential for another 35-per-cent gain over the next three."
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