Q: Good morning, thoughts on the latest results from Power Corporation.
Do you like this for a combination of income and some capital appreciation?
Do you like this for a combination of income and some capital appreciation?
5i Research Answer:
EPS of 77c missed estimates of 93c. Revenue was $13.47B. Losses in the alternative investment platform drove the miss. Still, NAV per share continues to increase. EPS per share rose 12c from last year. After years of weak growth, EPS growth is expected to pick up nicely over the next 24 months. The stock is cheap at 9X earnings and is doing well this year. We think it is buyable for income and some growth.