Q: Last week a regular PM on BNN mentioned PBH Q3 results COULD be disappointing ? 5i s thoughts ?
PBH seems to have a trading range last few years ... perhaps time to take profits?
PBH seems to have a trading range last few years ... perhaps time to take profits?
5i Research Answer:
PBH does not have the best record; it has missed seven of the past 12 quarters. But it did 'beat' in the most recent three quarters. The stock has finally caught a bid, and it is managing tariffs and other issues well. Consensus still calls for very good EPS growth next year. We have no reason to be overly concerned, but if one is trading the quarter (not advised) it looks to be a coin toss. We still think it is fine long term. If one is concerned or overweight we would be fine trimming in such a case.