Q: VerticalScope lowered their 2025 expected results last night. Is this significant enough to change your view about the stock? Is it worth holding?
5i Research Answer:
Yes; the stock had been weak going into this news, and also got a downgrade by TD. While not a disaster long term, the news and guidance, and specifically talk of continued headwinds, likely means not much happens with this stock for a while. In the current environment investors are looking for a reason to sell or avoid a stock, and FORA just gave investors one here. We would be more inclined now to sell this and sit it out for 2025.