Q: Good morning 5i team
Altus receives little attention from your subscribers. Its share price has increased after the sale of its property tax business, debt pay down, and share re-purchase.
I am trying to decide if their shares represent a solid opportunity to now buy.
Several questions please.
Does 5i view Altus as having meaningful competitive advantage versus peers in providing CRE intelligence services?
Does 5i view Altus as a 'wide, narrow or no moat' company?
Does 5i feel that Altus has a significant runway to gain market share, grow revenue and profit in the CRE market over the next few years?
And finally, would 5i recommend buying Altus shares now, or perhaps wait for a pullback?
Thank you.
Edward
Altus receives little attention from your subscribers. Its share price has increased after the sale of its property tax business, debt pay down, and share re-purchase.
I am trying to decide if their shares represent a solid opportunity to now buy.
Several questions please.
Does 5i view Altus as having meaningful competitive advantage versus peers in providing CRE intelligence services?
Does 5i view Altus as a 'wide, narrow or no moat' company?
Does 5i feel that Altus has a significant runway to gain market share, grow revenue and profit in the CRE market over the next few years?
And finally, would 5i recommend buying Altus shares now, or perhaps wait for a pullback?
Thank you.
Edward
5i Research Answer:
AIF discusses its advantages, and its growth rate implies somewhat of a moat, but this is hard...