Q: Is NTR a good hold? I held it for years and have gone round trip with price.
5i Research Answer:
NTR is in a cyclical industry, and with concerns on global growth investors have sold it off sharply. But at 5X earnings a lot of worry is embedded in the valuation already. With interest rates set to ease, investors may start looking forward to more global growth. China remains a swing factor, but at current valuations we would be reluctant to sell, and in a different market environment it could do fairly well.