Q: Hello 5i
Looking at recent Q&A HPS has been ranked lower than many other growth stocks.
Does the recent acquisition meaningfully change how you might rank it today?
Thank you
Dave
Looking at recent Q&A HPS has been ranked lower than many other growth stocks.
Does the recent acquisition meaningfully change how you might rank it today?
Thank you
Dave
5i Research Answer:
Its high volatility and high valuation have always given us a bit of concern and this is typically reflected in rankings. But things look good, and the AEG deal we think will broaden out its base, improve margins and (hopefully) reduce its volatility as a somewhat larger entity. So yes, we would move it up a bit in today's ranks.