BDNNY - Boliden: A Superb 3-Month Return But Not A Workable Valuation (Rating Downgrade)

2024-05-22 01:15:15 ET

Summary

• Boliden has seen impressive returns in less than 3 months, with a 36%+ rate of return.
• The company is currently focused on future-proofing operations and industry, including new projects and an autonomous hauling system.
• Despite a decline in operating profit and negative FCF, the market values Boliden positively due to its capital usage and forward-facing projects.

Dear readers/followers,

Timing is a funny thing. Sometimes you get it right, sometimes you get it completely off. In my work, I try to make absolutely sure that my timing or buying or selling is tied closely to the company's or the investment valuation. Combining this with the patience to hold during thick and thin and allow for a company or an investment to "ripen", has always, for me, and over time, resulted in outperformance - and that is why I don't buy ETFs because so far, I'm outperforming the general market.

So, let's look at Boliden ( OTCPK:BDNNY ) ( OTCPK:BLIDF ). It can be said, and I can claim with a reasonable degree of validity, that I was able to navigate the choppy waters of up and down, giving two "HOLD" ratings, but going to "BUY" just before the company went up, based both on valuations and trends....

For further details see: