Q: Would you consider the recent pull back in TRI to be sufficient for an entry point or would you wait for completion of the share consolidation before purchase. Thanks
5i Research Answer:
TRI trades at a fairly high valuation, which has given the stock some room to drawdown following its latest earnings results. We would be comfortable adding to an existing position here, or beginning to build a new position here, while being mindful of its potential to continue declining. We would use a DCA approach, and feel that it has great long-term potential.