Q: CL has bounced quite nicely in the last few weeks. Still ok at this price? Where do you see this going, realizing its only an educated guess?
Thanks, Mike
Thanks, Mike
5i Research Answer:
We still like CLS and think the AI theme continues to have room to run. They are expected to grow the top-line just shy of 20% for the next few years and have continued to report results consistently above expectations. Our main caution here is that volatility in the name is likely going to become higher due to its higher valuation and given how well it has done, it will also likely be viewed as a 'source of cash' if the market sees a hiccup, so overall, just to temper expectations a bit.