Q: Morning troops. I had been considering selling my holdings in EXE until yesterday's report, which was much better than expected. Given the 15% increase in stock price yesterday, where do you see the stock going now and is it suitable for a 65 y/o retiree? Cheers.
5i Research Answer:
Results were quite good; While in no way would we expect 80% returns on a regular basis, with interest rates likely heading lower and the company showing renewed momentum, we would be fine holding this for income. We would not consider the company super-conservative due to its small size, but the business is inherently stable and the forecast calls for some growth over the next three years.