Q: Is this a good buy today. Or what would you consider a good entry point? Thanks Clare
5i Research Answer:
CTS has got solid momentum and good recent numbers. It pays a small dividend and the balance sheet is improving (slowly). Very good earnings growth is expected this year (less so in 2025). At only 9X earnings, we would consider it buyable today for small cap, more aggressive investors. It is hard to time a momentum play, and it was featured on BNN this week, so it might have a bit of a 'media bump' at the current price. We think $5.40 would be a decent price.