Q: Can you give me some insight into EIF’s recent performance??
5i Research Answer:
EIF is showing solid momentum, up 15% YTD. Its last quarter was good and estimates have been ticking higher. The dividend continues to grow and the outlook is solid. It is on the expensive side of its historical valuation range, at 26X earnings. But, it has proven itself time and time again, and we think deserves some premium. We still like it.