Our outlook for Black Diamond is largely unchanged, but the stock price decline in recent months has resulted in us having a more constructive view on the Company’s outlook in the context of valuation. In our opinion, the stock price has now corrected to a point where the investment risk and reward is a better reflection of the Company’s future opportunities and associated uncertainties (e.g. rental rates, utilization, new contract awards). We are upgrading Black Diamond to Market Perform from ....
03 Dec 2015
Black Diamond Group Ltd. (BDI) Upgrading to Market Perform
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Black Diamond Group Ltd. (BDI) Upgrading to Market Perform
Black Diamond Group Limited (BDI:TSE) | 0 0 1.4% | Mkt Cap: 165.7m
- Published:
03 Dec 2015 -
Author:
Ian B. Gillies -
Pages:
3
Our outlook for Black Diamond is largely unchanged, but the stock price decline in recent months has resulted in us having a more constructive view on the Company’s outlook in the context of valuation. In our opinion, the stock price has now corrected to a point where the investment risk and reward is a better reflection of the Company’s future opportunities and associated uncertainties (e.g. rental rates, utilization, new contract awards). We are upgrading Black Diamond to Market Perform from ....