Q: IFC: I own 1700 shs - for a very long time. Dividend grower - dividends reinvested based on best opportunity at the time. Off it's high on $317 and still going down. What are the reasons for this? Secondly, should I buy more at some point?
5i Research Answer:
The Q3 report was decent, but not perfect. Investors reacted negatively to top-line growth not meeting forecasts, amplified by concerns over U.S. operations and muted outlook. We do not see any specific recent negative news to account for this year's decline. The stock is cheap and still has potential from current levels. We cannot direct personal trades but today we would view it as a HOLD, but buyable if it weakens further.