Q: Power Corporation hit a low of $36 last summer, then climbed steadily for the most part since then to $53 now. What is the reason for the large climb in price?
Historically, the price has been much lower than $53. Over the last 10 years, the normal trading range has been $30 to $39. Has something fundamentally changed with this company to warrant the high current price?
I would like to buy POW for a 3 to 5-year hold but do not want to overpay if the current price is an outlier on the graph.
What would a reasonable entry price be?
Historically, the price has been much lower than $53. Over the last 10 years, the normal trading range has been $30 to $39. Has something fundamentally changed with this company to warrant the high current price?
I would like to buy POW for a 3 to 5-year hold but do not want to overpay if the current price is an outlier on the graph.
What would a reasonable entry price be?
5i Research Answer:
POW started to report better than expected numbers in mid 2024, and this was followed by several...