Q: IFC: bought in 2016 - 1000 shares at $84.50. It is down a fair bit over the last year. WHY?
Hold? Add to?
Hold? Add to?
5i Research Answer:
IFC is down 7% in the past year. It missed revenue estimates last quarter and the stock declined on the print. There have also been concerns that AI will increase competition in the sector. We think it is fine overall, and would be fine buying or adding up to a mid-size position.