Admittedly when we founded PAA Research, investment recommendations like what BCO has become for us, were exactly what we’re trying to avoid. Our absolute return focus and strict adherence to loss...
READ MORE >We remain as enthusiastic as ever about the share appreciation prospects for BCO. In the 2-years since we first introduced the BCO as an investment idea the stock has barely budged even though the company is on track to generate EBITDA...
READ MORE >We first introduced BCO as a long idea in June of 2009. Admittedly, this has not been one of our best stock ideas. The stock has returned an anemic 2% while the S&P 500 has surged 29% higher over the same time frame – not exactly...
READ MORE >We first introduced BCO as a long idea in June of 2009. Admittedly, this has not been one of our best stock ideas. The stock has returned a relatively uninspiring 14% while the S&P 500 has surged 44% higher over the same time...
READ MORE >We first introduced BCO as a long idea in June of 2009. Admittedly, this has not been one of our best stock ideas. The stock has returned a measly 4% while the S&P 500 has surged 39% higher over the same time frame – not exactly the...
READ MORE >BCO reported 2Q10 results this morning. You can read the full earnings release here. Overall, the company delivered both topline and bottomline outperformance for the first time in many quarters. Although management tempered its full year...
READ MORE >BCO reported 1Q10 results this morning. You can read the full release here. Overall we would characterize the results as disappointing in light of the improvement in the global economy over the...
READ MORE >We introduced BCO as a long idea approximately 9-months ago, you can read our original report here. It has not been our best call. The stock has effectively gone no where while equity markets have ripped. On Thursday,...
READ MORE >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...
READ MORE >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...
READ MORE >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...
READ MORE >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...
READ MORE >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),...
READ MORE >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...
READ MORE >SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0