Q: Could you comment on the timeliness of investing in NVEI at this time.
Thanks,
FDF
Thanks,
FDF
5i Research Answer:
We consider NVEI 'OK' today; it has had execution issues, and lost a large customer. But the recent quarter was better than expected and the stock has reversed some losses. Still, one quarter does not make a trend, and it could still see some tax loss selling before year end. We think it is getting 'buyable' but we think investors have some time here and we would only start with a partial position until a clearer, more-sustained fundamental improvement is noted.