The post below is from the 14th of December. BXB has since rallied from $10.00 to $10.42.
BXB will provide further detail in the coming weeks on the pending spin-off of their plastic pallet pooling business into a separate listed entity.
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Our Algo Engine generated a buy signal in BXB following the recent higher low formation at $10.00.
We see scope for BXB to consolidate within the $10 – $11 price range. Adding a covered call option will help enhance the cash flow return.
BXB goes ex-div $0.145 on the 7th March. $10.51 March Euro call option adds an additional $0.25 per share.
