Q: Given we may have seen the worst of the tariffs, is now a time to start buying CNN? Given the lower guidance provided today, there may be an opportunity to purchase sharers at a lower price. If the stock down come in tomorrow, would you suggest it may be a good time to accumulate shares? Or, is it still in a wait and see mode?
5i Research Answer:
Results for the quarter were largely in-line for CNR but the company lowered their 2025 guidance and removed their long-term guidance given tariff uncertainty. We view it as a bit of a ho-hum quarter. We think shares likely do fine over the long-term but also don't see a need to 'rush in' at this stage.