Thanks. ram
We are still not big fans of the sector due to the saturation of the space, but we may be getting close to the point of maximum pessimism, which can create opportunities. In its recent earnings, its CEO mentioned it is one of the best quarters in its history, citing the highest net revenue and significant growth in Canada. It is not expected to be profitable for at least a few years, although margins are improving. Its valuation is OK, but it does not generate positive free cash flow, and sales growth has been slowing. It may be bottoming here, but we feel the industry needs a positive catalyst for this stock to move higher. If a loss can be claimed, we would be fine exiting, and we think a recovery could still take some time. We would be inclined to move on from this name for now.