The name actually says it all,Des lost soul,BOL is the EXACT kind of share you have to get into a Portfolio.The past 3 years of All these shares are Boom Logic,one has to 'Divine" their futures not just get complacent because well,their Blue Chips,Look how well they've gone over the past. You NEED One that goes up from a $1 to $4,in less than 3 years AND you have to pick it for a fair slice of that Roaring,raging 300%.Is BOL up for more roaring? Where are we now?Looks a little toppy,due for some correction.Perhaps wait for it's Full Year Report because this looks to have had a really good Go and might not have that much left in for the next 3 years coming.
Avatar- PHACOPS{speculator}from the Devonian Period.
dug D'boom is sonic and will crash down its competitors. The company has steadily been acquiring its many competitors and ensuring it retains a market advantage without becoming a monopoly player. Boom also has most of its revenue locked into long term servicing arrangements with major industry, rather than the cyclical nature of construction. As Boom grows, it is also returning a reasonable dividend, which is not bad for a 2 year old company. This is a classic case of people within their industry buying into and managing their company, so expect they will continue to know how to manage growth and manage their business for a few more years yet. Yes I am a holder of BOL and added during the dip last week at $3.80 - so can smile this weekend at that one.
Well if an outstanding picker like you,ready2rob is in BOL,I'll just have to put it in d'RollAlong basket!!
I think you'd agree that it's not likely to do $16 [last 3yrs ROAR repeats] but hey?
But it is in Major Construction.More Infrastructure than Mining so it MAY well be not toooo overblown. That old hands manage it is a definite So THEY were Dog Men,too hey r2r?
Cranes on d'Horizon.How to manage ya BOL position.
regards, jr
Avatar- PHACOPS{speculator}from the Devonian Period.
dug I owe BOL to eblode - I dipped my toes in and the water went cold for a while, but I thought they were on the right track. This company operates in a vey thin market segment and they are now the leaders in their field at a time when the economy has been going very well. I too will read with great interest their annual report. If they stray from their core skill sets, I will be out very quickly - they know the crane industry inside out and have the ability to grow a bit more before becoming too big for their boots. By the way, a large fund holding was recently unwound and this in part led to BOL's price collapse. I think it's about right at $4 and should be able to rise steadily providing the Oz economy keeps humming along.
Wait for their annual report! Maybe earnings guidance is needed before punters are again keen to ride this stock? They have been generous with dividends for a relative newcomer.
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