Q: I sold this 'darling' in a new account in December for a tax loss, looking to re-purchase same in Jan. I didn't expect the price to drop an additional 20%. Do I re-purchase CSU during a 'down turn' momentum or ???
5i Research Answer:
We do not think many expected the continued weakness, especially on no news. We do have lots of comments posted. Fundamentals (as reported) have not changed, but sentiment is tricky. Investors right now are assuming that AI is going to eat its business. There are still risks, but also opportunities. We would be OK slowly accumulating into further weakness. We would keep some powder dry and look for clues in the Q4 report when it comes out (late Feb).