BDNNY - Boliden Stock: Expected Underperformance But This Can Now Be A 'Buy' (Rating Upgrade)

2024-02-21 08:57:52 ET

Summary

• I've covered Boliden in the past, and have been negative or a "HOLD" on the company due to an unattractive overall valuation relative to potential performance.
• I now believe the underperformance has reached a turnaround point, and believe this company can be invested into.
• I'm changing my rating on Boliden and upgrading the company to a "BUY" - read why in this article.

Dear readers/followers,

I've been covering Boliden (BDNNY) (BLIDF) for some time in my work. At one time, I was invested in the company's common share - but I sold these off at extreme highs before the company crashed to levels that we're seeing today. Boliden, like most commodity-based cyclical plays, are, as the description would suggest, cyclical.

My last rating on this company was one of "HOLD", not "SELL". I don't consider the company as particularly appealing, and given that Boliden's common share has dropped around 3.7% since my last article (look below), you can expect that I'm not particularly positively inclined to the company at this time either....

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