Not sure if this has already been posted but it's from Friday and it is a reminder of the potential of this stock.
Deutsche Bank rates (BLY.AX, 0.335, -0.010, -2.900%) as Buy (1) - With Boart Longyear due to report its FY09 result on 19 February 2010, the broker is expecting to see a revenue decline approaching 50% as well as a material decline in margins. On the other hand, the broker continues to expect a "material increase" in earnings in FY10 and FY11 and believes the company's guidance of around 15% revenue growth in FY10 is conservative. With the stock trading at around 10x FY11 EPS and at a discount to the broker's $0.40 price target, the Buy call is maintained.
BLY Price at posting:
$3.35 Sentiment: LT Buy Disclosure: Held
