Q: Kraken Robotics seems to draw a lot of attention, over past 2 days, specially following Mr Carney's announcement about increased defence spending/submarines.
Do you view the stock's rise to current levels sustainable in near term, with 35% gain within a short span of 10 days, with no company specific news ? ( With volume 4X average )
Is the stock expensive now on Price/PE basis, considering its unique technological moat and expected growth over coming years ?
Would you recommend, we add to a 1% initial position ?
Thank You
Do you view the stock's rise to current levels sustainable in near term, with 35% gain within a short span of 10 days, with no company specific news ? ( With volume 4X average )
Is the stock expensive now on Price/PE basis, considering its unique technological moat and expected growth over coming years ?
Would you recommend, we add to a 1% initial position ?
Thank You
5i Research Answer:
We can't personalize answers, but we remain comfortable with the stock and would be fine holding...