Hi Pat. I love the information you give everyone to help educate us in all things financial. I am wondering about a company: Boyd Group Income Fund. Is it a good buy?
Boyd Group Income Fund, $11.85, symbol BYD.UN on Toronto (Units outstanding: 10.8 million; Market cap: $123.9 million; www.boydgroup.com), operates 66 auto-collision repair centres in western Canada and 13 U.S. states. These shops operate under a number of banners, including Boyd Autobody & Glass, Gerber Collision & Glass, True2Form and Cars Collision Center.
Boyd Group is growing rapidly by acquiring small, independent shops. It’s now the largest collision-repair shop operator in North America by number of locations and annual sales.
Growth by acquisition is riskier than internal growth for a variety of reasons, but they all grow out of the fact that acquisitions carry an above-average chance of unpleasant surprises. When you buy just about anything, you rarely know as much about it as the seller. If a company makes enough acquisitions, it is bound to buy some with hidden or unforeseen problems.
Generally speaking, when one company acquires another as a going concern, it pays more than the value of…
Privacy Policy and Terms of Use
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
