Q: Hi, I'm sure you are going to lots of GSY inquries today.
Earlier today you had mentioned GSY as a mid cap suggestion...
Mid: GSY, MDA, BDGI, CPX, X
Given the more recent news out today (after your initial reply) and that it is now down approx 45% this am, I'm assuming this might be dead money for the rest of the year and perhaps now a 'show me' story into 2027 as per their revised guidance.
What would you replace GSY with in this context of midcap pics?
Also does this most recent news/guidance change the overall rating of GSY?
Cheers,
Steve
Earlier today you had mentioned GSY as a mid cap suggestion...
Mid: GSY, MDA, BDGI, CPX, X
Given the more recent news out today (after your initial reply) and that it is now down approx 45% this am, I'm assuming this might be dead money for the rest of the year and perhaps now a 'show me' story into 2027 as per their revised guidance.
What would you replace GSY with in this context of midcap pics?
Also does this most recent news/guidance change the overall rating of GSY?
Cheers,
Steve
5i Research Answer:
We would be more comfortable with PNG, MDA or VNP in midcaps now. The stock is likely going to be dead money, or drift lower, until something improves. Certainly the overall rating is likely to change significantly upon our full review. This was really about the worst case news for GSY.