Q: Hello
BDT has pulled back recently despite decent earnings
what are the fundamental reasons for the pull back
does the upcoming D Trump tariffs affect this stock?
should one wait until feb 2025 to see ?
please give me an entry point , thanks
Michael
BDT has pulled back recently despite decent earnings
what are the fundamental reasons for the pull back
does the upcoming D Trump tariffs affect this stock?
should one wait until feb 2025 to see ?
please give me an entry point , thanks
Michael
5i Research Answer:
BDT had a big spike post-earnings, and consolidated somewhat. Shares are still up 85% this year. There has been no negative news. At year end, portfolio positioning can move stocks around and there are always profit-takers on big winners. We would remain interested here at 13X earnings. It has very little US geographic exposure and we would not see tariffs as a huge deal here. We think $26 would be an attractive entry.