Q: I know you sold AC out of the 5i portfolio this year but I opted to wait for a bit.
It has now crawled back to my avg cost price and I do plan on selling. I know this is a 'timing' issue, but could you dust off your crystal ball and give an opinion based on any current information you're hearing, on whether to sell now or wait until after results are announced ?
Thank you.
It has now crawled back to my avg cost price and I do plan on selling. I know this is a 'timing' issue, but could you dust off your crystal ball and give an opinion based on any current information you're hearing, on whether to sell now or wait until after results are announced ?
Thank you.
5i Research Answer:
We never like making a decision either way on one upcoming quarter. However on May 5 AC provided guidance and it waa significantly better than expected. The stock moved up the most in two years. Several brokers followed with upgrades. We think thusly the quarter is going to be solid. The stock may not rise 'more' but we think positive momentum may rule the day here in the short term.