Q: Why do you think this has dropped $10 from the $40 level? Is this an attractive level or should we wait to add? Thanks.
5i Research Answer:
It did get a target price reduction at Canaccord ($41.50 to $40) but the decline over 11 days seems too much to us, certainly. It raised its dividend on Feb 11 also. We would be OK adding, keeping position size in line with its risk and smaller market cap.