BCKIF - Babcock: Insider Buying Suggests Shares Are Undervalued
Babcock ([[BCKIF]], [[BCKIY]]) is a large U.K.-based military and emergency service contractor which has had a rough few years due to some management missteps. Currently at a fourteen-year low share price, directors have been buying shares, suggesting confidence that the share price will be rerated. I share their confidence and rate Babcock a buy.
Babcock: A Diversified Contractor Coming out of Underwhelming Management
Babcock operates in four main areas, with largely government customers. It works in land, marine, aviation and nuclear, mostly providing or maintaining vehicles or facilities, or associated support services.
The company's revenues