Q: From it's high of $140 ATZ is down almost 39% in the past few months.
What would the reason be for this?
Sheldon
What would the reason be for this?
Sheldon
5i Research Answer:
There are only really two reasons we see, since fundamentals remain very good. One, the elimination of US de minimis exemption could cause additional costs for the company, as noted on the Jan 08 conference call. Two, investors may be reacting to the large insider sale in January through a secondary offering (we commented on this in the Q&A).