Q: Bought 500 CJT@ $103.00 per share (500) down 20%. I am along - term investor. Keep or sell?
5i Research Answer:
The company is cyclical and carries a high level of debt so there are risks and the growth rate has started to flatline a bit here as well. It is a name that when the economic growth picture (and tariffs) improve, it will probably do much better but investors might need to wait a bit of time on it for this to change. The company reports on November 4, so we would just wait for earnings before doing anything. At that point an investor can revisit the thesis with more up to date information.