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  5. DOC: This company have improved their balance sheet and focus on their main service sector. [CloudMD Software & Services Inc.]
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Investment Q&A

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Q: This company have improved their balance sheet and focus on their main service sector. They seem to be on the right track. Any chance that it goes back to their 52 week high any time soon? Time is on my side regardless so the question is would you endorse a buy to add money to a looser?

Thanks

Yves
Asked by Yves on September 13, 2023
5i Research Answer:

We are always cautious averaging down, even more so on a $47M company. While there may be balance sheet improvements, cash flow is negative (-$14M in the past 12 months) and more losses are predicted. It remains hard for us to endorse this in the current market. 

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