Diebold primed for turnaround

Diebold Inc. recently got some "big ups" on the investment research site Seeking Alpha — a positive turn for a company that's been punished by investors lately.

In a lengthy commentary, frequent Seeking Alpha contributor and former investment advisor Gary Bourgeault offered praise for the company's turnaround plan and expressed confidence in its future.

"I like the fact [Diebold] has a strong board in place that is willing to take the steps to address the challenges faced by the company, and I like the moves the board made in hiring to fill the ... gaps to ensure a successful future," Bourgeault wrote.

Diebold is a small cap company in the midst of transforming itself into a global contender, Bourgeault said, and the fact that it has issued guidance citing a total of $100 million in free cash flow this year indicates the ability to invest in growth while sustaining a dividend.

"Diebold is moving quickly to attain its cost-cutting goal, which will further release capital to grow the company. With expectations that will be completed in about a year-and-a-half, it won't be long before investors start pricing in the expected gains going forward," Bourgeault said.