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abh3vt

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abh3vt

Re: None

Wednesday, 05/22/2024 12:24:35 PM

Wednesday, May 22, 2024 12:24:35 PM

Post# of 118267
Nibbling on a beaten down stock today.

NOA. This is a company that provides construction services to miners of coal/ore/oil/precious metals. Last quarter's earnings report was uninspiring, but they do have a near record backlog of 3B (Can $). Upcoming y/y comps seem very beatable, and if they achieve the midpoint of their guidance, they could earn close to $3.29 (USD). The stock trades at 19.70 and is approaching a strong area of price support near 19. It has traded in a channel between 19 and 26 over the past year and I think it could revisit those 52 week highs by the 2nd half of 2024. Trades at Ev/EBITDA ratio of 5x, and the company is projecting FCF of 165 - 185MM Can for FY24
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