Q: Hi there,
I own PPL but disappointed in its performance. Thinking of switching to KEY what do you think?
Thanks!
I own PPL but disappointed in its performance. Thinking of switching to KEY what do you think?
Thanks!
5i Research Answer:
KEY has outperformed this year, but PPL is much cheaper on valuation. KEY's recent deal looks good (comments posted) but it may take a while for the company to absorb its purchase. It also issued a huge whack of equity in the deal, so shares may calm down in the short term. For now, we would keep PPL.