Q: What are your thoughts on their earnings. Is it buy, sell or hold
Thanks for the great service
Thanks for the great service
5i Research Answer:
EPS of $1.27 nicely beat estimates of 93c; revenue was $7.17B. EPS rose 31% year over year. Book value is $31.43. Net asset value was just under $49. Its divisions had mixed results, with IGM still showing small declines. It took a $76M restructuring charge. Public company investments showed an 18% increased contribution to adjusted earnings. Overall, the quarter looks solid, and the stock remains cheap despite its gains this year. We would view it as a BUY, but would not expect the same rate of gains as in the past year--growth is typically fairly low.