BCB has been an underperformer of late due to its capital raise which disappointed MM as owners due to the timing and size i.e. 17c was a 22.7% discount to its previous close. It may take a little time to make a meaningful recovery but the risk/reward looks attractive on any dips under 15c.
- We are unlikely to increase our position from a prudence perspective but sub 15c the stock looks solid value for those with a higher risk tolerance.
MM is long and bullish toward BCB
Add To Hit List
NB: We hold BCB in our Emerging Companies Portfolio.
