Q: These two stocks have been dropping like a stone of late.
How do you feel about these two stocks in terms of risk/reward, and are these stocks approaching a support level where one can consider adding to their position?
Thank you and I look forward to your sage advice.
How do you feel about these two stocks in terms of risk/reward, and are these stocks approaching a support level where one can consider adding to their position?
Thank you and I look forward to your sage advice.
5i Research Answer:
BN is down roughly 7% YTD and still near it's highs, so we would not be too concerned here, after a nice run as well and at 14X forward earnings, we think it continues to look good.
BX is seeing some concerns around their credit fund but the company seems to be handling things fin nd at 16X earnings, we thnk it is getting interesting. We would be fine adding to these names on any further weakness.