Strategist Michael Antonelli joins Jared Blikre to break down the Fed decision and more at 2 P.M. ET Wednesday.

DALLAS, TX / ACCESSWIRE / June 14, 2022 / Black Diamond Group Limited (TSX:BDI) The full report can be accessed by clicking on the following link: http://stonegateinc.com/reports/BDI.TO Q122.pdf

Black Diamond Group Limited is a specialty rental company that rents and sells modular workspace and remote workforce accommodations solutions from 27 strategic locations across Canada, the United States, and Australia. The Company operates in two segments: Modular Space Solutions, which provides office units, lavatories, storage units, multi-unit office complexes, and classroom facilities and Workforce Solutions, which provides temporary and intermediate-stay workforce housing and lodging equipment. The Company provides services to a wide array of industries including construction, mining, power, oil, natural gas, engineering, military, government, and education. The Company was founded in 2003 and is headquartered in Calgary, Alberta.

Improving profitability through scale - BDI has continued to expand its Modular Space Solutions (MSS) rental fleet through investment into new units and acquisitions of existing fleets. The Company is targeting net fleet growth in MSS of approximately 10% per year and is on track to double the rental fleet from 2019 to 2023.

Robust market dynamics in specialty rental - In the current inflationary environment, the asset rental space can be an attractive hedge for investors. The Company has seen strong pricing traction in its MSS segment with average rental rates up 9% y/y on a constant currency basis. Further, utilization in the MSS business remains at or near all-time highs and is a function of strong markets and execution across the Company's diversified rental platform.

Significant operating leverage - The Company has a significant amount of underutilized assets in the workforce segment and has shown the ability to mobilize and deploy assets into mining and disaster recovery projects over the last several quarters. Utilization in Workforce Solutions (WFS) has improved to 48% in Q1F22 from 36% in the comparative year.

Value added products & services - The Company is continuing to increase rental revenue and margins by offering customers additional onsite services, and auxiliary rental options. Value Added Products & Services (VAPS) revenue has continued to grow steadily. The VAPS % of rental revenue has seen a modest decline owing to a sizable acquisition (Vanguard) in late 2020 which did not provide much in the way of VAPS. This, however, provides an opportunity to drive additional VAPS revenue through the acquired Vanguard assets.

LodgeLink market traction - BDI has developed an online digital marketplace and workflow software for companies that require accommodation solutions for work crews in the U.S. and Canada. The Company has been rapidly scaling the platform and most recently reported 642 unique customers and approximately 7,300 properties which represented approximately 697,000 rooms of capacity. In Q1F22, LodgeLink room bookings grew 55% y/y to 76,253.

Disciplined capital expenditure approach - BDI is focused on growing its current fleet and services using cash from current operations and the sale of underutilized assets. This strategy should help maximize efficiency and increase cash flow over time. The Company reported free cashflow before discretionary growth capex, of $13.5M for Q122, which represents an annualized FCF yield of ~20%.

Geographic & customer diversification - The Company currently conducts business throughout 27 strategic locations in Canada, United States and Australia with plans to continue expanding through establishment of additional branches and growth of existing fleets. The Company's revenue mix is diverse with the largest concentration coming from the construction sector at roughly 26% in Q122, followed by power & energy infrastructure at roughly 21%. The MSS segment alone, rents to over 2,000 different customers.

Valuation - Using a sum-of-the parts multiple analysis, we arrive at a valuation a range of $6.75 to $10.25, with a mid-point of $8.50. Additional details are on page 7.

About Stonegate Capital Partners Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT: Stonegate Capital Partners info@stonegateinc.com (214) 987-4121

View source version on accesswire.com: https://www.accesswire.com/705044/Stonegate-Capital-Partners-Updates-Coverage-on-Black-Diamond-Group-Limited-TSXBDI

Rogers knows a thing or two about making money in turbulent times.

Growth stocks have been hammered in 2022 amid sky-high inflation and interest rates. The Federal Reserve, in fact, just raised interest rates by 0.75 percentage points, the largest such increase since 1994, after inflation hit 40-year highs. How do interest rates affect growth stocks?

Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early 1980s, wh

A market rally attempt gained steam as Tesla jumped but investors should be wary. Fed chief Jerome Powell is on tap again.

At current levels, investors need a 7% to 8% return just to preserve their wealth.

If you’re thinking of pulling your 401(k) out of the stock market, or you’re too terrified to invest more, you need to meet my friend Betty Badluck. Poor old Betty has had the worst luck of any stock market investor you’ve ever met. In the last 40 years she has invested in the stock market just six times.

The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs by the end of this decade, it’s clear that under Biden, the government has the will to enforce a major shift in the automotive industry. The Biden administration has also prioritized the production of EV battery systems, to the tune of $3.

Nio (NYSE: NIO) stock surged Tuesday morning as the broader U.S. market rose, and was trading 10.2% higher as of 12:23 p.m. ET. Ironically, the electric vehicle (EV) maker just got a massive price target downgrade, but investors right now appear to care less about what analysts think and more about what's happening in Nio's home market of China. On Tuesday morning, Citigroup analyst Jeff Chung slashed his price target on Nio to $41.10 per share from $87 a share, according to TheFly.com.

Morgan Stanley's chief executive officer James Gorman was the latest prominent executive to warn of a coming recession, saying at a June 13 financial conference, "It's possible we go into recession, obviously, probably 50-50 odds now." Ultra-high-yield dividend stocks can be a good place to run for cover during turbulent markets. Investors with an extra $134,200 in capital lying around to evenly split between these two quality income stocks could generate growing five-figure annual dividend income in the years ahead.

The artificial intelligence (AI) lender Upstart Holdings (NASDAQ: UPST) has been a wildly divisive stock, with lots of investors fully buying into the company's story and enormous market opportunity, while others are more skeptical. Upstart has developed algorithmic loan underwriting models that it believes can assess the credit worthiness of borrowers better than traditional underwriting scoring methods such as Fair Isaac's FICO scoring. Upstart currently originates personal and auto loans through a number of lending partners and has ambitions to apply its technology to other loan categories.

Since hitting their respective all-time closing highs, the 126-year-old Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite have respectively fallen by as much as 19%, 24%, and 34%. This means the Nasdaq and S&P 500 are officially in the grip of a bear market. To make matters worse, there's the growing likelihood that the U.S. could enter a recession.

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Polestar, the electric-vehicle unit of Volvo Car, should begin trading under a new stock symbol this week if the SPAC merger is approved by shareholders.

The S&P 500's energy sector was suffering a unanimous selloff, as crude oil and natural gas futures slumped amid growing demand concerns and as the Biden administration calls for a gas-tax holiday. The SPDR Energy Select Sector ETF dropped 3.4% with all 21 equity components losing ground, as crude oil futures shed 4.4% and natural gas futures lost 1.0%. Futures for the S&P 500 were down 1.4%. The energy ETF's biggest decliners were shares of Marathon Oil Corp. , down 5.2%, and Devon Energy Corp.

Recession calls are permeating Wall Street, Corporate America is laying off workers to prepare, and the S&P 500 is in a bear market. Despite the downbeat outlook, analysts remain confident about the companies they cover.

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The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters. Last week the Fed hiked the federal funds rate by three-quarters of a percentage point, its largest rate increase since 1994, after official data just a few days earlier showed inflation unexpectedly rose despite expectations it had peaked. The latest poll results, released on Wednesday before Fed Chair Jerome Powell was due to appear before the Senate Banking Committee as part of his twice-yearly monetary policy testimony to Congress, show momentum is still behind the U.S. central bank doing more, not less, despite rising recession concerns and a steep sell-off in financial markets.

With returns edging closer to what you’d see in the stock market, savings bonds are becoming a tempting alternative.

Last week, the Fed’s open market committee raised its benchmark interest rate by 0.75%, the largest such increase in almost 30 years. The move marks a shift to an aggressive stance against inflation, and an attempt by the Fed to head off a potential recession. In fact, preliminary data leaked from the Atlanta Fed earlier in the week showed that the US is in a technical recession. While official numbers won’t be released until after the second quarter ends, the early numbers show that 2Q22 will e