Q: Current thoughts for a 1-2 year hold ? Is it benefiting from increased non-US trade ? Thank you.
5i Research Answer:
Revenues and earnings tend to be volatile but shares have done well recently. It offers a decent yield at 4% as well. With the run in shares and the valuation, for a bit more of a volatile earnings profile, we might be a bit cautious here even though we like the momentum. Jim Pattison Group owns 47% of shares.