Q: CLS earnings are comming up; I am holding onto a decent gain, do you think the recent stock run up is too excessive ahead of earnings? Would you hold / sell all / trim ahead of earnings ?
5i Research Answer:
We would not make a decision on one quarter, but we would also manage position size for exposure. We have no reason to expect a bad quarter, but even a good quarter doesn't result in a rising stock. But we remain confident in its overall growth prospects for the next 24 months or so. Valuation is OK, at least o a relative basis vs peers.