Q: Any comments on ATD for future potential?
Are staples reasonably priced right now?
Are staples reasonably priced right now?
5i Research Answer:
ATD has had a busy year, with the 7/11 takeover attempt. Shares are down 7% YTD. But its valuation is near its historical low range, and we think it has good potential from current levels, as well as defensive characteristics. Utilities are expensive as they have captured the 'AI needs energy' wave, but many defensive names are well-priced since investors are seeking all sorts of excitement elsewhere in a 'risk on' world. ATD should see growth of 10%+.