Q: Hi There, could you give a brief update on MDI and whether you thinks it’s still a buy at the current price or should one wait for their next earnings report in June?
Thank you!
Thank you!
5i Research Answer:
At 11X forward earnings with net cash and good growth expected this year, we don't think much has really changed here. The company expects to report on May 23. Being so close to earnings, we might prefer to just wait and act on more information once earnings are released butdon't see much reason for a view to change on the name overall.