Author Topic: BYD.TO - Boyd Group  (Read 303 times)

KCLarkin

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BYD.TO - Boyd Group
« on: February 23, 2021, 11:09:41 AM »
Boyd Group owns and acquires autobody/collision shops in North America. Although located and listed in Canada, most of their shops are in the United States.

Note: Not to be confused with BYD (the Chinese car company) or Boyd Gaming.

Over the past 20 years, BYD.TO was one of the top performing stocks in North America. Outperforming Netflix, Amazon, Apple, Constellation Software, etc.

I'm trying to understand why and was shocked that there is no topic on this company and almost no mention on these forums. I only found one brief mention here:
https://www.cornerofberkshireandfairfax.ca/forum/berkshire-hathaway/the-berkshire-model-why-has-it-not-been-done-more-often-since-buffett/msg29034/#msg29034

Surely one of my Canadian friends must own this monster and can explain it?

The price is potentially interesting now since COVID had a material impact on revenue. FCF >> NI. They are anticipating 15% annual revenue growth for the next five years. Long-term, there are potential headwinds due to technology reducing collisions and total write-offs becoming a higher proportion of collisions.