The Word,
I buy stocks that are undervalued and have been smashed by the market - in the case of BOL - due to poor weather and equipment shortages. Do some research on it, you may learn something.
They have exposure to the booming (hah) mining sector. They don't just supply to the construction industry.
BOL pays a reasonable divvie that can pay one for their paitience.
I believe that a floor has been found in BOL's sp. Albeit, this coming monday may see some more downside across the whole market due to the cruddy DOW JONES.
I have yet to buy any BOL. Watching for some more weakness, but I am not concerned if I don't pick the bottom on this one.
But for me BOL is a buy mainly due to this -
Sell in boom, buy in gloom.
It's been gloomy for BOL - so time to get in.
Huntleys -
"BOL is a leading Australian provider of cranes and other heavy lifting equipment and their operation. BOL has a number of attractive business characteristics: an experienced management team, scale, which provides significant barriers to entry, a diversified and loyal customer base, high returns on capital and strong cash generation. BOL is the only player with true national coverage. A high level of recurring revenue adds further quality. BOL is fast consolidating the still relatively fragmented lifting solutions industry. However healthy earnings growth is coming under pressure due to worldwide equipment shortages. In the long-term, cyclicality may become an issue, particularly given the high fixed-cost nature of the business. A stock that over the long-term should provide a combination of growth and reasonable yield.
We retain our Accumulate trigger price at $3.00."
At the current sp - it is at a 20% discount.
Why don't you buy some?
I know you want to........
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