Q: You have this company in your growth portfolio at $94 . What are the chances it will return to that level any time soon?
5i Research Answer:
The stock is now 24X earnings, debt free with $200M cash and growing fast. Fundamentals are good, but it is going to need a better market to do well. This could happen when inflation and/or interest rates peak. Right now there is a valuation contraction in the market, but at some point sentiment is going to change.