Q: Your thoughts on SPB.TO and if positive a good entry point for accumulation.
5i Research Answer:
SPB earnings were good and it increased its 2023 guidance, which has taken pressure off its shares following the sale of part of its largest investor's position. Per share cash flow increased nicely and its new acquisition--when approved--looks good. We would still consider it a decent stock for income, and, likely, a takeover target one day. There is not huge growth but cash flow is nice, and stable. We think under $10 makes sense for income buyers.