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TSE:BDGI

Badger Daylighting (BDGI.TO)

90.55
+0.26 (0.29%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
187 watching
0
HOLD
He has owned this a long time. It is in the hydro-vac business. They have moved into the US and diversified into utility work. There is a major short seller. What has hurt it lately is they did not meet recent earnings expectations. He thinks it is over done to the downside. He still would own it.
COMMENT

BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.

WATCH

He made good profits then sold when it got pricey. He got worried that its current decline would continue. Technical analysts warned about it. The fundamental business is great. A lot of 5G needs to go in, so this is a good long-term investment and he may buy it back.

PAST TOP PICK
(A Top Pick Sep 24/18, Up 51%) Short-sellers were spreading rumours about it, and he's long defended Badger. It now has the valuation it deserves. It's still reasonably priced. Well-managed with a huge organic runway of growth ahead. They're buying back a lot of shares.
HOLD
A soft quarter recently, but it will be short lived. They have diversified away from Canada in to the US and away from energy. Their hydro-vac units are used in numerous infrastructure projects.
BUY
Their recent release was light on earnings because of weather. The economics of this business are quite interesting. They get a certain amount of revenue a day from their trucks. The company thinks they have a big runway in the US. It has been a well managed company. The pull back has created an entry point.
TOP PICK
A $1.7 billion market cap. Their hydro-vac vehicles creates great free cash flow -- $58 million last year. ROE 23%. Earnings expected to grow by 22% next year. Yield 1.18% (Analysts’ price target is $54.13)
N/A
Market. BAD-T about 2.5 years ago had a huge short position. He thought that was unusual. He was convinced the shorts were wrong. One of the short sellers launched an attack that was just lies. It went down on volume. Insiders then bought a bunch and the stock more than doubled. The short-seller was wrong. If your stock is subject to one of these attacks then don't run for the doors. The regulators don't do much about this tactic. Often times what is said about these companies is untrue and you should not let them steer you. The BAD-T shares have come roaring back. This happened mid-2017. It is a pity that investors have to pay the price for this.
BUY
He really likes it and made a lot of money on it. He has trimmed a little. There is tremendous organic growth. They are trading at a reasonable valuation.
BUY ON WEAKNESS
It has been notching its way higher up. They continue to produce fairly good numbers. They used to be skewed to Canada and Energy and now they are diversified away from energy and away from Canada. He continues to like it. The one bad thing is consistent short seller reports of accounting problems but nothing ever comes out of it. Buy when a short seller comes out with a report.
COMMENT
It's had an incredible run off lows. They've done a fine job of growing. Beware that short-sellers have been challening BAD. He is impressed with BAD.
TOP PICK
Their vacuum truck business is very mobile and now less than half their business is in oil and gas. He expects earnings growth of 66% for 2018. Technically, there is a target of $40. Yield 1.47% (Analysts’ price target is $37.21)
PAST TOP PICK

(A Top Pick Dec 11/17, Up 15%) It is an infrastructure play with over 70% of their business in the US. There are many areas of the US where they don't know what hydrovac excavation is. It is much less of an energy services company than they were in the past.

PAST TOP PICK

(A Top Pick September 27, 2017. Up 10%). This is a stock that people love to hate, because an influential short-seller talks about it repeatedly. That has put a lid on the stock, but the company itself keeps coming through. The company had a bad quarter in the first quarter of last year, but has been doing well since then. Management has been doing a good job and he is happy to stay on the stock.

TOP PICK

It has never been cheaper. 70% of their sales come out of the US. It has never been cheaper. The shorts will have to run for cover. (Analysts’ target: $35.00).

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