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....
Read the full article on Seeking Alpha
For further details see:
Boliden Stock: Expected Underperformance, But This Can Now Be A 'Buy' (Rating Upgrade)