Q: Hi Folks,
with the big drop yesterday would you recommend buying TFII at this price or do you think there might be some more downside coming in the days ahead?
Thanks,
with the big drop yesterday would you recommend buying TFII at this price or do you think there might be some more downside coming in the days ahead?
Thanks,
5i Research Answer:
Guidance was conservative, and it does have economic sensitivity. But it has managed prior cycles well, and usually makes acquisitions if competitors struggle. We think one can 'chip away' slowly on the buy side, but it may flatline or drift while the recent news is digested.