Topic: How To Invest

Q: Hi, Pat. I’m looking for your recommendation on AirBoss of America (BOS-T)? The stock has jumped since the COVID-19 crisis started. Do you see more gains ahead? Thanks.

Article Excerpt

A: AirBoss of America Corp., $18.70, symbol BOS on Toronto (Shares outstanding: 26.9 million; Market cap: $516.9 million; www.airbossofamerica.com), makes rubber-based products used in the automotive, heavy industry, construction and infrastructure, oil and gas, and defence industries. AirBoss is headquartered in Newmarket, Ontario, and operates manufacturing facilities in North Carolina, Quebec, and at its flagship facility in Kitchener, Ontario. That plant opened in November 2019 and includes a research laboratory and state-of-the-art technical and testing centre. The company operates through three business segments: Rubber Solutions (25% of total revenue) develops and manufactures custom rubber compounds, extruded materials, and molded products for use in various applications and industries. Engineered Products (24%) designs, engineers, manufactures, and sells rubber, synthetic rubber, and rubber-to-metal bonded products that are used to eliminate or control vibration and noise. AirBoss Defence Group (51%) develops, manufactures, and sells chemical, biological, radiological, and nuclear protective equipment for military, first response, and healthcare applications. AirBoss’s total revenue increased just 7.6% in the five…