Industrials & materials

Badger Infrastructure Solutions (BDGI)

C$90.60 +0.1% on the day·+40.8% in a year·close Oct 13, 2026

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Buy64 / 100

Buy: 64 is at or above your Buy line of 60. Trend (+13% vs 200-day) scores 79 and lifts it; Plays in (50%) scores 50 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weight	BDGI	Points	Weight	Adds
Plays in	50%	50	40	20.0
Off the high	−10% from its 1-year high	66	30	19.8
Trend	+13% vs 200-day	79	30	23.7

Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for BDGI

Factor	BDGI	Points	What it is
Plays in	50%	50	The share of the plays you count that hold it now.
Analysts' upside	+25% · 8 analysts	64	How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating	1.4 · strong buy	81	The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E	36.4×	32	Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E	22.2×	25	Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG	–	–	P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales	2.3×	66	Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book	6.8×	25	Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield	0.9%	25	Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth	+22%	52	Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth	+24%	68	Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin	7%	39	Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity	21%	71	Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity	1.05×	28	Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high	−10% from its 1-year high	66	How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend	+13% vs 200-day	79	How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum	+41%	72	The price change over the last 12 months. Higher ranks higher.
Low crash exposure	1/10 · low	90	The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on BDGI

50 of the 100 plays hold BDGI right now.
The trend-following and momentum plays mostly say in; the breakout and mean-reversion plays mostly say out.
It closed 13% above its 200-day average and 10% below its 52-week high.
Crash exposure reads low: it is up 130% in two years, a run-up size that crashed about half the time in history.
Analysts' average 12-month target is C$113.28, 25% above the close (8 analysts).

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in50 / 100Every play Be The Puck tests, in 7 families.

Crash exposureLow1 of 10 on the storm test Mayer Multiple1.13×Price ÷ its 200-day average (+13%). Higher than on 64% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about BDGI now.

Trend followingHoly GrailOUT42% of 12,813 calls rightOn BDGI: right 21 of 50 · Out since Jul 21, 2026 Breakouts & channelsP&F Double TopIN37% of 36,314 calls rightOn BDGI: right 35 of 98 · In since Sep 30, 2026 Momentum12-1 MomentumIN44% of 8,156 calls rightOn BDGI: right 14 of 28 · In since Jun 30, 2025 Mean reversionBollinger ReversionOUT64% of 53,095 calls rightOn BDGI: right 106 of 168 · Out since Aug 4, 2026 Volume & money flowMoney Flow IndexOUT59% of 13,925 calls rightOn BDGI: right 42 of 72 · Out since Oct 5, 2026 Candles & chart patternsEngulfing SwitchOUT50% of 38,976 calls rightOn BDGI: right 66 of 146 · Out since Oct 5, 2026 CalendarHalloween IndicatorOUT54% of 12,345 calls rightOn BDGI: right 26 of 43 · Out since Apr 30, 2026

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

BDGI, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved BDGI lately

No session in the last 30 moved it twice a normal day against the S&P/TSX; these were its largest, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Mon Oct 5−3.2% against the S&P/TSX1.2× a normal day

BDGI −3.1%, the S&P/TSX +0.0% that session; −10.6% against the S&P/TSX over five sessions.

HeadlineAD HOC NEWS · Oct 5, 1:46 pm ET
Badger Infrastructure Solutions stock falls 2.48 percent before Q3 results

Tue Sep 29+3.9% against the S&P/TSX1.5× a normal day

BDGI +3.9%, the S&P/TSX −0.1% that session; +7.0% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on BDGI was found for this session. Be The Puck's headline archive for BDGI starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved −0.1%. The 52 other Industrials & materials stocks Be The Puck covers moved −0.1% on average, so most of the move was its own.

Wed Sep 16+2.8% against the S&P/TSX1.0× a normal day

BDGI +2.6%, the S&P/TSX −0.3% that session; +5.5% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on BDGI was found for this session. Be The Puck's headline archive for BDGI starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved −0.3%. The 52 other Industrials & materials stocks Be The Puck covers moved +0.2% on average, so most of the move was its own.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on BDGI

All 100 plays, by family.

Trend following21 of 30 in Breakouts & channels4 of 15 in Momentum13 of 17 in Mean reversion3 of 15 in Volume & money flow4 of 9 in Candles & chart patterns1 of 3 in Calendar4 of 11 in

Calls right: how often the play's calls on BDGI went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

Play	Call	Since	Next move	Calls right	Annual return	Worst drawdown
Trend following
PB EMABitcoin Playboy · daily	OUT	Oct 8, 2026 −1.0%	Enter above C$92.83 (+2.5%)	24% 145/593	+6.5% / +17.8%	−71.8% / −61.1%
Bull Market Support BandBenjamin Cowen · weekly	IN	Sep 25, 2026 −1.3%	Exit below C$87.08 (−3.9%)	25% 25/102	+11.3% / +17.8%	−45.4% / −61.1%
Ripster EMA CloudRipster · daily	IN	Sep 17, 2026 +4.9%	Exit below C$89.58 (−1.1%)	22% 75/340	+10.0% / +17.8%	−66.1% / −61.1%
Trend TemplateMark Minervini · daily	IN	Sep 21, 2026 +3.1%	Exit below C$88.22 (−2.6%)	28% 31/112	+15.3% / +17.8%	−26.3% / −61.1%
Stage AnalysisStan Weinstein · weekly	IN	May 1, 2026 +16.1%	Exit below C$84.12 (−7.1%)	24% 18/76	+12.3% / +17.8%	−49.0% / −61.1%
Stage 2 + Mansfield RSStan Weinstein · weekly	IN	May 1, 2026 +16.1%	Exit below C$86.03 (−5.0%)	26% 23/90	+13.7% / +17.8%	−40.1% / −61.1%
10-Month SMAMeb Faber · month-end	IN	May 29, 2026 +3.5%	Exit below C$80.48 (−11.2%)	38% 16/42	+13.2% / +17.8%	−56.6% / −61.1%
200-Day RulePaul Tudor Jones · daily	IN	May 1, 2026 +16.1%	Exit below C$79.95 (−11.8%)	13% 23/182	+9.7% / +17.8%	−65.8% / −61.1%
Golden CrossMarket tradition · daily	IN	May 20, 2026 +8.5%	Not on one close	41% 14/34	+11.0% / +17.8%	−60.0% / −61.1%
Granville 200-DayJoseph E. Granville · daily	IN	May 1, 2026 +16.1%	Exit below C$79.95 (−11.8%)	15% 17/110	+12.3% / +17.8%	−44.2% / −61.1%
Hull Moving AverageAlan Hull · weekly	IN	Sep 25, 2026 −1.3%	Exit below C$75.07 (−17.1%)	43% 53/122	+13.8% / +17.8%	−56.5% / −61.1%
Kaufman Adaptive MAPerry J. Kaufman · daily	OUT	Oct 6, 2026 −6.5%	Enter above C$96.96 (+7.0%)	25% 196/789	+5.8% / +17.8%	−63.2% / −61.1%
TEMA CrossoverPatrick G. Mulloy · daily	IN	Sep 15, 2026 +8.1%	Exit below C$77.70 (−14.2%)	36% 94/260	+4.8% / +17.8%	−58.8% / −61.1%
Seykota 15/150Ed Seykota · daily	IN	May 6, 2025 +127.5%	Not on one close	14% 6/42	+8.7% / +18.6%	−76.5% / −61.1%
Guppy Multiple MAsDaryl Guppy · daily	IN	Sep 24, 2026 −1.1%	Exit below C$80.58 (−11.1%)	28% 33/120	+12.3% / +17.8%	−51.2% / −61.1%
Ichimoku CloudGoichi Hosoda · daily	IN	Sep 23, 2026 −0.4%	Exit below C$85.74 (−5.4%)	25% 29/118	+10.6% / +17.8%	−53.1% / −61.1%
SupertrendOlivier Seban · daily	OUT	Oct 8, 2026 −1.0%	Enter above C$99.61 (+9.9%)	33% 49/147	+8.0% / +17.8%	−66.2% / −61.1%
Williams AlligatorBill Williams · daily	IN	Sep 29, 2026 −4.2%	Not on one close	42% 127/300	+11.4% / +17.8%	−47.8% / −61.1%
Vortex IndicatorEtienne Botes & Douglas Siepman · daily	IN	Sep 16, 2026 +5.4%	Exit below C$91.66 (+1.2%)	35% 198/570	+9.7% / +17.8%	−64.9% / −61.1%
AroonTushar S. Chande · daily	IN	Sep 22, 2026 +0.4%	Exit below C$80.54 (−11.1%)	36% 79/222	+8.8% / +17.8%	−79.2% / −61.1%
Parabolic SARJ. Welles Wilder Jr. · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$99.73 (+10.1%)	38% 172/447	+11.8% / +17.8%	−65.7% / −61.1%
ADX TrendJ. Welles Wilder Jr. · daily	OUT	Oct 13, 2026 0.0%	Enter above C$137.14 (+51.4%)	39% 69/179	+8.0% / +17.8%	−48.1% / −61.1%
MACD Zero LineGerald Appel · daily	IN	Sep 22, 2026 +0.4%	Exit below C$73.40 (−19.0%)	30% 49/162	+13.7% / +17.8%	−50.3% / −61.1%
Zweig 4% ModelMartin Zweig · weekly	OUT	Oct 9, 2026 +0.1%	Enter above C$94.17 (+3.9%)	37% 81/217	+10.5% / +17.8%	−60.6% / −61.1%
MAMA/FAMA CrossJohn F. Ehlers · daily	IN	Sep 21, 2026 +3.1%	Not on one close	34% 67/198	+12.9% / +17.8%	−54.1% / −61.1%
Schaff Trend CycleDoug Schaff · daily	OUT	Oct 9, 2026 +0.1%	Not on one close	38% 87/229	+11.0% / +17.8%	−51.9% / −61.1%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · daily	IN	Sep 22, 2026 +0.4%	Exit below C$76.45 (−15.6%)	31% 41/134	+13.0% / +17.8%	−58.4% / −61.1%
DP Trend ModelCarl Swenlin & Erin Swenlin · daily	IN	Sep 24, 2026 −1.1%	Exit below C$53.16 (−41.3%)	31% 30/96	+12.2% / +17.8%	−54.0% / −61.1%
Elder Triple ScreenAlexander Elder · daily	OUT	Oct 9, 2026 +0.1%	Not on one close	36% 64/180	+2.8% / +17.8%	−63.1% / −61.1%
Holy GrailLinda Bradford Raschke & Larry Connors · daily	OUT	Jul 21, 2026 −6.7%	Not on one close	42% 21/50	+2.4% / +17.8%	−15.2% / −61.1%
Breakouts & channels
Four-Week RuleRichard Donchian · daily	IN	Sep 21, 2026 +3.1%	Exit below C$83.03 (−8.4%)	37% 41/112	+10.5% / +17.8%	−64.8% / −61.1%
Turtle System 1Richard Dennis & William Eckhardt · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$102.12 (+12.7%)	34% 44/129	+9.2% / +17.8%	−31.7% / −61.1%
Turtle System 2Richard Dennis & William Eckhardt · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$102.12 (+12.7%)	34% 30/89	+10.7% / +17.8%	−43.6% / −61.1%
Clenow TrendAndreas F. Clenow · daily	OUT	Oct 8, 2026 −1.0%	Enter above C$100.73 (+11.2%)	37% 31/83	+11.8% / +17.8%	−38.3% / −61.1%
Darvas BoxNicolas Darvas · daily	IN	Sep 21, 2026 +3.1%	Exit below C$80.33 (−11.3%)	39% 44/114	+13.1% / +17.8%	−45.7% / −61.1%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · daily	OUT	Oct 8, 2026 −1.0%	Enter above C$100.34 (+10.8%)	34% 52/155	+7.7% / +17.8%	−52.6% / −61.1%
Bollinger BreakoutJohn Bollinger · daily	OUT	Oct 9, 2026 +0.1%	Enter above C$101.76 (+12.3%)	32% 78/241	+2.8% / +17.8%	−75.0% / −61.1%
Chandelier ExitChuck LeBeau · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$100.73 (+11.2%)	32% 63/195	+6.8% / +17.8%	−63.9% / −61.1%
Wilder Volatility SystemJ. Welles Wilder Jr. · daily	OUT	Oct 9, 2026 +0.1%	Enter above C$100.68 (+11.1%)	36% 60/165	+12.4% / +17.8%	−52.4% / −61.1%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · daily	IN	Sep 30, 2026 −5.8%	Exit below C$79.55 (−12.2%)	36% 35/98	+11.4% / +17.8%	−60.7% / −61.1%
Chande Kroll StopTushar S. Chande & Stanley Kroll · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$93.45 (+3.1%)	27% 90/331	+11.2% / +17.8%	−54.6% / −61.1%
Acceleration BandsPrice Headley · daily	OUT	Oct 7, 2026 −2.7%	Not on one close	28% 59/209	+0.8% / +17.8%	−49.7% / −61.1%
TTM SqueezeJohn F. Carter · daily	OUT	Oct 8, 2026 −1.0%	Not on one close	38% 51/136	+2.4% / +17.8%	−27.5% / −61.1%
NR7 BreakoutToby Crabel · daily	IN	Sep 16, 2026 +5.4%	Exit below C$83.98 (−7.3%)	34% 234/682	+8.8% / +17.8%	−53.6% / −61.1%
Bollinger SqueezeJohn Bollinger · daily	OUT	Oct 9, 2026 +0.1%	Not on one close	29% 11/38	+3.2% / +17.8%	−12.8% / −61.1%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-end	IN	May 30, 2025 +106.6%	Exit below C$75.55 (−16.6%)	25% 8/32	+11.7% / +17.7%	−60.3% / −61.1%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-end	IN	Jun 30, 2025 +92.9%	Not on one close	50% 14/28	+14.7% / +17.7%	−47.0% / −61.1%
Dual MomentumGary Antonacci · month-end	IN	Jun 30, 2025 +92.9%	Exit below C$84.00 (−7.3%)	40% 12/30	+12.9% / +17.7%	−50.1% / −61.1%
Stocks on the MoveAndreas F. Clenow · daily	OUT	Mar 4, 2026 +26.9%	Not on one close	24% 32/131	+13.1% / +17.8%	−37.6% / −61.1%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-end	IN	Sep 30, 2026 −5.8%	Exit below C$85.62 (−5.5%)	31% 8/26	+11.4% / +17.8%	−41.7% / −61.1%
Levy Relative StrengthRobert A. Levy · weekly	IN	Sep 18, 2026 +5.2%	Exit below C$90.18 (−0.5%)	24% 28/116	+9.8% / +17.8%	−51.4% / −61.1%
MACD Signal CrossGerald Appel · daily	OUT	Oct 9, 2026 +0.1%	Enter above C$100.67 (+11.1%)	33% 149/457	+4.2% / +17.8%	−61.8% / −61.1%
Elder ImpulseAlexander Elder · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$92.81 (+2.4%)	28% 210/763	+3.5% / +17.8%	−59.6% / −61.1%
Know Sure ThingMartin J. Pring · daily	IN	Sep 10, 2026 +8.0%	Exit below C$82.70 (−8.7%)	38% 130/346	+3.7% / +17.8%	−66.5% / −61.1%
Coppock CurveEdwin S. C. Coppock · month-end	IN	Jun 30, 2025 +92.9%	Not on one close	33% 5/15	+13.7% / +18.5%	−61.1% / −61.1%
CCI +100Donald R. Lambert · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$101.17 (+11.7%)	31% 177/566	+7.8% / +17.8%	−45.0% / −61.1%
TRIX Signal CrossJack K. Hutson · daily	IN	Sep 11, 2026 +7.8%	Exit below C$63.23 (−30.2%)	38% 105/280	+4.2% / +17.8%	−64.6% / −61.1%
TSI Zero LineWilliam Blau · daily	IN	Sep 22, 2026 +0.4%	Exit below C$72.11 (−20.4%)	30% 48/160	+14.0% / +17.8%	−50.3% / −61.1%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-end	IN	Sep 30, 2026 −5.8%	Exit below C$88.72 (−2.1%)	36% 29/80	+13.3% / +17.7%	−45.8% / −61.1%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-end	IN	Jun 30, 2025 +92.9%	Not on one close	43% 10/23	+14.2% / +19.9%	−47.0% / −61.1%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · daily	IN	Jun 30, 2025 +92.9%	Not on one close	50% 13/26	+13.9% / +17.7%	−53.1% / −61.1%
PMO Signal CrossCarl Swenlin · daily	IN	Sep 15, 2026 +8.1%	Exit below C$92.24 (+1.8%)	32% 111/342	+6.8% / +17.8%	−55.7% / −61.1%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · daily	OUT	May 13, 2026 +12.4%	Not on one close	52% 23/44	+4.8% / +17.8%	−56.6% / −61.1%
RSI(2) PullbackLarry Connors & Cesar Alvarez · daily	IN	Oct 8, 2026 −1.0%	Sell above C$91.45 (+0.9%)	57% 167/291	+3.2% / +17.8%	−24.2% / −61.1%
Double 7sLarry Connors & Cesar Alvarez · daily	IN	Oct 7, 2026 −2.7%	Sell above C$97.56 (+7.7%)	61% 226/369	+6.7% / +17.8%	−45.6% / −61.1%
Bollinger ReversionJohn Bollinger · daily	OUT	Aug 4, 2026 −4.5%	Buy below C$82.68 (−8.7%)	63% 106/168	+4.7% / +17.8%	−54.9% / −61.1%
Stochastic 20/80George C. Lane · daily	OUT	Oct 5, 2026 −7.1%	Not on one close	59% 78/132	+4.2% / +17.8%	−56.8% / −61.1%
Williams %RLarry Williams · daily	OUT	Oct 5, 2026 −7.1%	Enter above C$90.89 (+0.3%)	60% 150/250	+5.4% / +17.8%	−62.6% / −61.1%
DeMark 9-CountTom DeMark · daily	OUT	May 28, 2026 +2.6%	Not on one close	55% 34/62	+5.4% / +17.8%	−63.2% / −61.1%
Mayer MultipleTrace Mayer · daily	IN	Nov 22, 2004 +3,742.5%	Sell above C$193.24 (+113.3%)	–	+17.8% / +17.8%	−61.1% / −61.1%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · daily	OUT	Jan 8, 2026 +21.8%	Not on one close	50% 10/20	+2.3% / +17.8%	−16.6% / −61.1%
Laguerre RSIJohn F. Ehlers · daily	OUT	Sep 16, 2026 +5.4%	Not on one close	48% 152/314	+3.7% / +17.8%	−57.9% / −61.1%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · daily	OUT	Sep 9, 2026 +8.2%	Enter above C$93.18 (+2.8%)	58% 253/438	+12.0% / +17.8%	−57.6% / −61.1%
IBS ReversionAlexander S. Pagonidis · daily	OUT	Oct 6, 2026 −6.5%	Buy below C$90.60 (0.0%)	59% 1087/1830	+8.4% / +17.8%	−42.9% / −61.1%
Connors %bLarry Connors & Cesar Alvarez · daily	OUT	Sep 16, 2026 +5.4%	Not on one close	57% 42/74	+1.1% / +17.8%	−51.3% / −61.1%
Fisher TransformJohn F. Ehlers · daily	OUT	Oct 5, 2026 −7.1%	Enter above C$103.27 (+14.0%)	40% 412/1025	+9.5% / +17.8%	−50.5% / −61.1%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-end	OUT	Sep 30, 2026 −5.8%	Buy below C$98.14 (+8.3%)	63% 81/128	+7.9% / +17.8%	−61.1% / −61.1%
Volume & money flow
On-Balance VolumeJoseph E. Granville · daily	OUT	Oct 9, 2026 +0.1%	Enter above C$90.60 (+0.0%)	31% 185/605	+12.0% / +17.8%	−53.4% / −61.1%
Chaikin Money FlowMarc Chaikin · daily	IN	Sep 9, 2026 +8.2%	Not on one close	38% 76/198	+9.1% / +17.8%	−69.5% / −61.1%
Money Flow IndexGene Quong & Avrum Soudack · daily	OUT	Oct 5, 2026 −7.1%	Not on one close	58% 42/72	+8.1% / +17.8%	−43.1% / −61.1%
Negative Volume IndexNorman Fosback & Paul Dysart · daily	IN	May 8, 2025 +116.5%	Not on one close	28% 21/74	+10.2% / +17.8%	−74.2% / −61.1%
Force IndexAlexander Elder · daily	OUT	Oct 7, 2026 −2.7%	Enter above C$92.76 (+2.4%)	29% 171/593	+6.9% / +17.8%	−54.1% / −61.1%
Buff AveragesBuff Dormeier · daily	IN	Sep 11, 2026 +7.8%	Exit below C$94.97 (+4.8%)	36% 138/380	+10.5% / +17.8%	−68.1% / −61.1%
Chaikin OscillatorMarc Chaikin · daily	OUT	Oct 9, 2026 +0.1%	Enter above C$90.60 (+0.0%)	41% 197/479	+9.6% / +17.8%	−62.1% / −61.1%
Volume Flow IndicatorMarkos Katsanos · daily	IN	Sep 11, 2026 +7.8%	Not on one close	37% 38/102	+7.3% / +17.8%	−74.2% / −61.1%
Klinger OscillatorStephen J. Klinger · daily	OUT	Oct 6, 2026 −6.5%	Not on one close	38% 278/728	+12.5% / +17.8%	−42.5% / −61.1%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · daily	OUT	Oct 5, 2026 −7.1%	Not on one close	45% 66/146	+2.9% / +17.8%	−49.7% / −61.1%
HikkakeDaniel L. Chesler · daily	IN	Sep 16, 2026 +5.4%	Exit below C$80.54 (−11.1%)	40% 39/98	+5.3% / +17.8%	−36.0% / −61.1%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · daily	OUT	Jan 16, 2026 +11.6%	Not on one close	50% 23/46	+2.2% / +17.8%	−20.8% / −61.1%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 30, 2026 +38.5%	Buys Oct 30	60% 26/43	+12.6% / +17.8%	−52.2% / −61.1%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · daily	OUT	May 15, 2026 +9.0%	Enter above C$103.83 (+14.6%)	56% 24/43	+12.8% / +17.8%	−52.2% / −61.1%
Seasonal TimingSy Harding · daily	OUT	May 29, 2026 +3.5%	Window opens Oct 16	63% 27/43	+12.9% / +17.8%	−52.2% / −61.1%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · daily	OUT	Jan 5, 2026 +24.3%	Buys Dec 23	55% 24/44	+2.6% / +17.8%	−15.8% / −61.1%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · daily	OUT	Oct 5, 2026 −7.1%	Buys Oct 29	44% 234/526	+0.1% / +17.8%	−55.6% / −61.1%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · daily	IN	Sep 30, 2026 −5.8%	Sells Jun 30	36% 4/11	+4.8% / +17.8%	−37.1% / −61.1%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · daily	OUT	Sep 4, 2026 +7.5%	Buys Nov 24	46% 177/386	+3.9% / +17.8%	−6.2% / −61.1%
January BarometerYale Hirsch & Jeffrey Hirsch · month-end	IN	Dec 30, 2022 +261.3%	Not on one close	40% 8/20	+15.5% / +17.8%	−43.4% / −61.1%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · daily	IN	Oct 13, 2026 0.0%	Sells Oct 16	51% 1163/2284	+14.6% / +17.8%	−60.1% / −61.1%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · daily	OUT	Sep 16, 2026 +5.4%	Buys Oct 27	48% 167/348	+3.4% / +17.8%	−17.0% / −61.1%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · daily	IN	Oct 2, 2026 −10.1%	Sells Oct 16	52% 279/541	+6.8% / +17.8%	−56.4% / −61.1%
Benchmark
Buy & HoldJohn C. Bogle · benchmark	IN	Jan 4, 2005	Always in	–	+17.8%	−61.1%

If the market cracks: the storm test

How the storm test works

ExposureLow1 of 10 points

Market swings0/3
Past crashes0/2
Debt0/3
Run-up1/2

It is up 130% in two years, a run-up size that crashed about half the time in history.

Past crashes, peak to low

Financial crisis Oct 2007 to Feb 2009 · back to its old high Jan 2010

BDGI−32%

TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Aug 2020

BDGI−43%

TSX−37%

2022 bear market Jan 2022 to Mar 2022 · back to its old high Apr 2022

BDGI−19%

TSX−14%

Beta0.83Moves about 0.8× as much as the TSX week to week.
Downside capture74%In months the TSX fell, this fell 74% as much on average.
Two-year change+130%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
From 52-week high−10%
Debt to equity1.11×
Net debt / EBITDA2.5×Years of operating cash earnings it would take to pay off its debt.
Interest cover6.2×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Engineering & Construction · Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services to utilities, industrial, construction, transportation, and other industries in Canada and the United States. It offers Badger Hydrovac for use in safe excavations around critical infrastructure and in congested underground conditions.

Size and valuation
Market cap	C$3.0B	What the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)	$911M	Total sales.
P/E ratio	36.4×	Buyers pay C$36 for each C$1 of the last year's profit.
Forward P/E	22.2×	Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book	6.8×	Price against the company's net assets (its equity) per share.

Profit and growth
Profit margin	6.7%	Keeps 7¢ of each dollar of sales as profit.
Revenue growth	+23.5%	Last quarter's sales against the same quarter a year earlier.
Earnings growth	+21.8%	Same comparison for profit.
Return on equity	21.0%	Yearly profit as a share of shareholders' money in the business.
Free cash flow	$4.1M	Cash left after running and investing in the business.

Balance sheet
Total equity	$296M	What it owns minus what it owes.
Total debt	$328M	Loans and bonds it has to pay back, with interest.
Cash	$7.1M	Cash and short-term investments on hand.
Debt to equity	1.11×	Moderate.
Interest cover	6.2×	Interest is easily paid from profit.

Wall Street
Average analyst target	C$113.28	25% above the close, from 8 analysts (range C$105.00 to C$125.00).
Consensus rating	Strong buy	Analysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield	0.86%	Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

Reports for Be The Puck Members.

BDGI: the briefWhat the plays, the levels and the business say, in plain English. Rebuilt nightly.Members Industrials & materials: what the plays sayEvery covered name in the sector, side by side.Members Debt decides who survives a crashThe storm test on every covered stock.Members Is this a bubble?The gauges in October 2026, and what history says about timing.Members

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