Q: What do you think of TRI at these prices? It seems quite volatile but recent news of solid customers, product and co-operation with AI firms should have calmed things down. What are your thoughts? Any alternatives?
5i Research Answer:
We think TRI is decent and has recovery potential. However, much of the decline relates more to sentiment than fundamentals. And, it is always difficult to gauge or predict sentiment. We think buyers will be rewarded over the next few years, but we would see it more as an "accumulate slowly" over time rather than being an aggressive buyer. There are lots of companies in the same boat. We think CSU could be included here as well.