Q: How does Tfii look now with its recent correction?
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Thnx for the great service 5i!!!
5i Research Answer:
TFII may not have a great next couple of quarters, but as a cyclical stock we think it is likely in the process of bottoming. We would like to see it a bit cheaper before being more aggressive on the buy side, however. But we think it will be higher 12 to 18 months from now, assuming rates move lower and the economy remains resilient.