Who Turned Out the Lights at Badger Daylighting Ltd.?
Joey Frenette, 05 May 2017
Badger Daylighting Ltd. (TSX:BAD) nosedived 14.27% last Friday following an announcement from activist short-seller Marc Cohodes that he?d gotten a short position in the stock approximately four months ago.
In a previous piece, I?d stated that Badger was ridiculously overvalued with a price-to-earnings multiple of 41. Mr. Cohodes also believes that Badger is overvalued and could drop by a substantial amount going forward.
Badger is a rather underrated company that not many investors have been talking about until Mr. Cohodes made his short position public. Badger is in the business of exposing underground infrastructures like pipelines, electrical lines, or any other buried apparatus that needs to be brought to the light of day in a process called ?daylighting.?
