Q: Update please
5i Research Answer:
With Pollard Banknote at 8X forward earnings, the valuation continues to look good here given mid-single digit revenue growth expected and mid-teens EPS growth. Return on Equity continues to reamin solid, typically in the 10% range. The company has been missing versus expectations in the last few quarters so this is a trend we would like to see reversed but overall the name looks fine here. PBL reports March 10.