Q: Hello Team,
I was looking at buying positions in both or 1 of LMN and Ats. However both have been on a sort of run lately , especially LMN. Should I wait for the next pullback to buy into these names? I know you’re not a fan of timing the market but looking for your take here. Thanks
Shane
I was looking at buying positions in both or 1 of LMN and Ats. However both have been on a sort of run lately , especially LMN. Should I wait for the next pullback to buy into these names? I know you’re not a fan of timing the market but looking for your take here. Thanks
Shane
5i Research Answer:
LMN is quite a thin stock, and does look to be under accumulation. New highs do not really scare us off much, and timing is rarely perfect. It is going to bounce around but we would prefer owning it over 'waiting' for a pullback which is not guaranteed to happen. We remember (we are old) investors waiting for CSU to pull back when it was $25/share. ATS, at 23X earnings, with momentum, its US listing, and its recent acquisitions, as well as a bit of an AI buzz, we think is even an easier buy today despite its gains.