Q: Afternoon Troops. AW seems to be quite highly rated with several analysts rating it as a buy. Yet for the last several months it has just seemed to drift lower. Is there a reason for this and how would you see this stock performing going forward? Cheers.
5i Research Answer:
AW is down small YTD but up about 10% in one year. For a small cap income stock, we would not consider that so bad. It did beat estimates last quarter, but there is some cost pressure in the business. Same store growth was 1.4%. It guided for 0% to 3% which disappointed a few investors.