Q: Good morning, would you consider GSY and PRL a buy at this time or within the next week or so?
Given their 12 month out pricing and good reporting results the selling seems way over done here.
Thx,
Kevin
Given their 12 month out pricing and good reporting results the selling seems way over done here.
Thx,
Kevin
5i Research Answer:
With the markets in 'correction' mode we might give these a few days to settle, but we do think long term investors will be rewarded from current levels. We would prefer to accumulate slowly rather than all at once. Each could see some year end selling pressure, we think, considering their declines.