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

March 12th, 2010

This report was originally published on 2/3/10.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...

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

March 11th, 2010

This report was originally published on 12/21/09.After the close today, BCO (27.21 ↑0.55%) announced its intention to repatriate cash held in Venezuela at the “parallel rate” opposed to the “official rate”, which the company has...

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

March 11th, 2010

This report was originally published on 10/29/09.The Brink’s Company (BCO 27.09 ↑0.11%) 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...

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

March 11th, 2010

This report was originally published on 10/26/09.We introduced the Brink’s Company (BCO 27.05 ↓0.04%) as what we thought would be a compelling long idea a few months ago based on the...

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

March 10th, 2010

This report was originally published 7/30/09.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),...

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

March 8th, 2010

This report was originally published 6/8/09.If we have learned anything over the past 12-18 months, it has been that “cash is king”.  Not only is cash king, but it is a significant growth business on a global basis.  Even with the proliferation of credit...

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