Topic: How To Invest

Q: Hi, Pat. I just joined the Inner Circle Pro and I wanted to get your opinion on Black Diamond Group (BDI.to)? Thanks.

Article Excerpt

A: Black Diamond Group, $1.34, symbol BDI on Toronto (Shares outstanding: 55.6 million; Market cap: $72.8 million; www.blackdiamondlimited.com), rents and sells modular buildings and temporary workforce accommodations to customers in Canada, the U.S., and Australia. The company is headquartered in Calgary, Alberta. Black Diamond operates through two business segments or “solutions”: Modular Space Solutions (45% of total revenue) rents, sells, and services modular buildings of various types and sizes to construction, industrial, education, and government customers. Brands include BOXX Modular, Britco, and MPA. Workforce Solutions (55%) provides workforce housing and associated services mainly in western Canada. Products include relocatable dormitories, kitchen/diner complexes, recreation facilities and supporting utility assets. Workforce Solutions also provides the rental of oilfield surface equipment and oilfield drilling accommodation equipment in the U.S. and Canada. It both installs and maintains these buildings for clients. In addition, this division rents and sells remote workforce housing and modular workspace in Australia. Those brands include Black Diamond Camps and Black Diamond…

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