Q: Hey there fellow Canuck,
I bought a good chunk of ENGH yesterday...on the dip.
So, logically, I thought I should get some advice after the fact.
Do you think ENGH can turn it around? Was $32.71 a decent entry point? Will ENGH get past $33? How long might that take? Headwinds? Tailwinds? No winds?
I bought a good chunk of ENGH yesterday...on the dip.
So, logically, I thought I should get some advice after the fact.
Do you think ENGH can turn it around? Was $32.71 a decent entry point? Will ENGH get past $33? How long might that take? Headwinds? Tailwinds? No winds?
5i Research Answer:
The company is well-managed and has lots of cash, and the CEO has turned around companies before. We think some patience is needed, perhaps looking at a 2 year timeframe. We think $33+ is certainly doable and $32.71 an OK price for long term investors.