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  5. DRX: Hi, I'm down 20% on this one in a very short time. [ADF Group Inc. Subordinate Voting Shares]
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Q: Hi,
I'm down 20% on this one in a very short time. Maybe just bad timing.
Has anything changed fundamentally? Why is is dropping so much so fast? Is there any news?
What is your recommendation? Keep holding? Add? or Sell?
Thanks
Asked by Marco on March 26, 2024
5i Research Answer:

DRX had a very big run up and is now consolidating. It is up 287% in a year and 17% YTD. It has had no company news since December. We see no specific reason for a decline, though some investors no doubt may take profits at any time, and some may be concerned about the economy and its cyclicality. But we would still consider it a BUY at less than 8X earnings. 

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