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Aritzia Inc. Subordinate Voting Shares (ATZ $112.14)
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Groupe Dynamite Inc. Subordinate voting shares (GRGD $74.30)
Q: GRGD is down 35% from its high and ATZ is down 25%. Do you still like both of these clothing retailers, and which do you think is the better buy at the current price?
5i Research Answer:
We don't think much has changed here. Markets might be a bit worried about discretionary spending if the recent geopolitical turmoil leads to sustained higher oil prices and triggers some level of a recession but between the growth of these companies and the curent valuations, we think they look interesting here with a longer-term outlook.