Q: Has anything changed in your view on your February 14, 2024 response to a question on WEF. i.e. may as well get out? Or has all the bad news been baked in and the stock is bottoming?
5i Research Answer:
Our view remains unchanged. The only recent news was that WEF had engaged in a partnership with a First Nations group where the Group would acquire a 34% interest from WEF in a limited partnership, for $35.9M. There is nothing exciting fundementally and it has small cap risks, so we continue to view it unfavourably.