ADF Group ($DRX.TO) FINS Review
Q3 2024
The last review of ADF Group came in September with a solid 3.75 star rating. The stock certainly hasn’t performed to that rating, down 27% since they released their Q2 results, but has performed much better over the past twelve months, up 40%. Within that the share price has also been quite volatile, from concerns over backlog numbers, YoY revenue performance, election results and tariff threats which brought the stock down to an eight month low of $8 per share two weeks ago.
Let’s drill into their Q3 numbers. I’ll also listen into their commentary from the conference call to see if and how that influences my outlook. Full disclosure - I do own DRX group stock including adding at that $8 dip in late November.