Q: Please update you opinion on Fierra. I Have held it since 2020. I am underwater if you look at the share price alone. However, with the dividend my return on investment is positive. The last and the latest reports are not good. Do you see anything that might change this slide? Or should I jump ship now?
5i Research Answer:
The stock now has a negative 20 year return, and cut its dividend in half last week. Results continue to be weak, and even with strong capital markets it has not done well. We see the dividend cut as the right move, but it is really hard to generate interest here. A buyout or privatization remains a possibility, but we would not recommend it just for that possibililty. We would not miss this if sold.