Issue 32- Badger Slips on Wet Weather


Issue 32- Badger Slips on Wet Weather

Badger Daylighting Ltd. (TSX: BAD) reported a disappointing Q2. However, the miss can be blamed almost entirely on bad weather. The Great Lake, Midwest and Ohio Valley regions experienced higher than average precipitation levels. Unfortunately, it led to revenue and operating inefficiencies and scheduling issues. The good news is that this seems to be an issue isolated to Q2 as the company kept their full year EBITDA guidance intact between $170-$190M.

 

Disclaimer: Palos Funds are shareholders of BAD.

By Charles Marleau, CIM & Joany Pagé, CFA

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