Hit By Weaker Fourth-Quarter Sales, Bossard Is One To Watch

If you’re an American investor, the odds that you’ve ever heard of Bossard (OTC:BHAGF) (BOSN.SW) are quite low. Frankly, considering the size of the company, you could easily be a Swiss investor and never have heard of this company. Be that as it may, this is a high-quality industrial name well worth knowing, as this growing fastener distributor and industrial solutions provider has a solid global growth opportunity.

Bossard shares were down about 10% in Switzerland on its top-line update for the fourth quarter, but the underlying results weren’t meaningfully different than expected. Weakness in both the EU and U.S. industrial markets are clearly areas of concern, but Bossard is highly leveraged to a turnaround in short-cycle industrials. The shares aren’t in my buy zone yet on a DCF basis, but they already have some upside on an EV/EBITDA basis and this is a name to watch if industrial stocks sell off further through this reporting cycle.

Investors should note that there is virtually no liquidity in the ADRs and the Swiss shares themselves aren’t especially liquid, though daily liquidity of over $3 million should be sufficient for most individual investors.

Continue reading here:
Hit By Weaker Fourth-Quarter Sales, Bossard Is One To Watch