Q: Can you comment on POU's valuation, growth, and apparently short position (TMX has nearly 6% with 15 days to cover - it is net cash! Thanks for all that you do - John
5i Research Answer:
TSX short interest is 7.02%; there is also 2.96% short in the US. This does seem quite high, especially for a company with $670M net cash currently. The company is very cheap on valuation and the stock up 31% this year. We would not see it as an attractive short at all. Because of asset sales all metrics are expected to decline next year.