Q: The last couple of weeks Tricon has seemingly reversed what was a nice run up from earlier in the year. Normal market fluctuation or did I miss something? Thanks.
5i Research Answer:
he company reported a solid quarter but narrowed its cash flow guidance, based on lower rent and ancillary revenue, surprising analysts. While the stock continues to trade at a premium compared to its peers, we think the premium is warranted and maintain a positive outlook on the stock. Please also see this answer from earlier today.