Q: Please explain the uptick of the stock with the big miss of the quarter.
Thank you for the great service.
Thank you for the great service.
5i Research Answer:
IFX fell sharply immediately following its earnings results, however, the stock has climbed higher over the following month, which largely correlates with the rebound in Canadian small-cap companies. IFX is a small company ($46M market cap), and now that tax-loss selling is over, some investors may be looking to buy it again as its valuation has compressed. We view this as more related to timing than investors digesting its earnings.