Q: When you look at the fundamentals of RAY.A, would you add to a partial position now? What growth would you see for RAY.A over the next 2-3 years?
5i Research Answer:
At its very low valuation (8X earnings), plus its dividend and positive momentum, we would be comfortable buying. Growth is not huge here, but should be in the 10% to 12% annual range over the next several years.