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Shopify Inc. Class A Subordinate Voting Shares (SHOP $140.28)
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Kits Eyecare Ltd. (KITS $11.74)
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Lumine Group Inc. (LMN $19.48)
Q: Hello, at current prices is KITS, SHOP and LMN a buy, sell or hold. Please explain why.
Thanks
Thanks
5i Research Answer:
SHOP; buy. It continues to grow nicely. The recent drop is because it is spending for the future, which will likely be the right thing to do. It remains high growth and in a duopolistic position within much of its industry.
LMN: accumulate; we expect good growth, but sentiment towards software needs to change.
KITS: buy. The stock drop this year has made it more interesting. Takeover target and growth is still expected.