Tag Archives: The Brink’s Company

BCO Happily Says Goodbye to 2009; 2010 Should Be Back to Basics – Steady Organic Growth and Solid FCF Generation

February 3, 2010 – 3:54 pm

Normally when a non-financial services company issues an earnings release that is more than 25 pages, it usually is cause for significant concern.  However in the case of BCO, the lengthy 4Q09 press release has been greeted with “open arms” given the number of changes the company has undergone in the past 3-6 months.  Overall, on an [...]

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BCO’s “Danza Con El Diablo” Continues – Venezuela Remains an Overhang

December 21, 2009 – 10:27 pm

After the close today, BCO announced its intention to repatriate cash held in Venezuela at the “parallel rate” opposed to the “official rate”, which the company has used for accounting purposes.  BCO currently has a 61% ownership interest in its Venezeulan operations, which had $225 million in assets and $111.7 million in non-monetary assets as of [...]

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BCO: 3Q09 Operational Beat Clouded by One-Time Gains and Higher Tax Rate

October 29, 2009 – 10:16 am

The Brink’s Company reported 3Q09 result this morning.  You c an read the full release here.  There were a number of “puts and takes” in the quarter that have clouded what we would otherwise characterize as a solid operational beat.   The two major non-operational offsets during the quarter were:

A one-time gain related to the company’s [...]

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BCO: A Name for the Contrarian Value Crowd – Increased Diamond Transaction Volume, Currency, Should Boost 3Q09 Results

October 26, 2009 – 4:53 pm

We introduced the Brink’s Company as what we thought would be a compelling long idea a few months ago based on the company’s strong track record of secular growth over the past 25-years, solid free cash flow generation (10%+ yield), high returns on invested capital (20%+), and compelling valuation.  You can read our original report [...]

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The Brink’s Company Is STILL a Good Place to Keep Your Cash

July 30, 2009 – 3:36 pm

In our original post on the Brink’s Company, we argued that the company would perform well in the current economic environment based on the steady secular growth of cash in circulation (cash is still king), expansion of the number of ATM’s in place on a global basis, and continued expansion of retail banking locations. Brink’s has a steady business [...]

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The Brink’s Company (BCO): A Safe Place To Keep Your Cash

June 8, 2009 – 9:58 am

If we have learned anything over the past 12-18 months, it has been that “cash is king”. Interestingly enough, not only is cash king, but it is also a significant growth business on a global basis. Even with the proliferation of credit and debit cards, the amount of cash in circulation globally continues [...]

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