Q: It has taken a stunning and steady drop. When markets are up 300 points or down 300 points it still goes down.
1 year - (20%)
YTD - (16%)
To me this isn't a question is there any recent news to cause this drop, but more like what is happening to this company and why?
It's ranked 6/10 by TipRanks and a SB.
So on a longer term look back why the steady drop? and what will turn this around in the future?
Thanks
Sheldon
1 year - (20%)
YTD - (16%)
To me this isn't a question is there any recent news to cause this drop, but more like what is happening to this company and why?
It's ranked 6/10 by TipRanks and a SB.
So on a longer term look back why the steady drop? and what will turn this around in the future?
Thanks
Sheldon
5i Research Answer:
There has been a general shift in sentiment away from these types of names that might be classified as 'compounders'. Markets are re-evaluating the valuations awarded to these mid to high single digit types of growers with high visibility into their growth profile. In terms of when turns things around, we think it is just a matter of patience and these companies continuing to post strong results but fndamentally, we don't think much has changed with TRI and some naes in a similar situation.