Q: Hi,
CIX has managed to get to $15-ish. My breakeven is $20. I feel that getting to $15 was a miracle and that $20 won't happen.
From a trader's perspective, should one take the loss and rebuild ?
From your broad perspective, should keep the faith and hang in there? You know...generally speaking for this stock? I noticed that 5i dropped Fiera. Maybe CIX is in the same situation?
CIX has managed to get to $15-ish. My breakeven is $20. I feel that getting to $15 was a miracle and that $20 won't happen.
From a trader's perspective, should one take the loss and rebuild ?
From your broad perspective, should keep the faith and hang in there? You know...generally speaking for this stock? I noticed that 5i dropped Fiera. Maybe CIX is in the same situation?
5i Research Answer:
CIX has the same influences as FSZ (lower margins, weak industry growth) but its US initiatives add a bit more excitement. It is very cheap at 4X earnings and it is buying back its own stock. But there is little growth, and following the initial sale of part of its US business the stock may go quiet now for a while. While we would give it an 'OK' rating, if one is a trader we think there are dozens of better stocks to trade right now and we would move on.