Topic: How To Invest

What is your opinion re: Badger Income Fund? Is the dividend safe? Thanks.

Article Excerpt

Badger Income Fund, $14.89, symbol BAD.UN on Toronto (Units outstanding: 10.8 million; Market cap: $160.9 million), is a North American provider of excavating services that are less destructive than methods that use heavy equipment, such as backhoes. Most of Badger’s customers are in the utility and petroleum industries. Badger makes its truck-mounted Badger Hydrovac, which is its main product. The Badger Hydrovac is mainly used for digging in challenging conditions, such as congested areas. The system uses a pressurized water stream to liquefy the soil cover. It then uses a powerful vacuum to remove the soil and store it in a tank. Badger operates through what it calls operating partners in the U.S. and Canada. Badger provides the expertise, trucks, and North American marketing and administration support. The partners deliver the service by operating the equipment and building relationships with customers in their areas. There are currently 229 Badger Hydrovac units operating in Canada, and 178 in the U.S. Badger invoices…