Q: Hi team,
Would appreciate your opinion on this stock. Think about taking a small position.
Thank you,
Chris
Would appreciate your opinion on this stock. Think about taking a small position.
Thank you,
Chris
5i Research Answer:
TCW is doing well yet remains quite cheap at 12x earnings with a 3.07% dividend. The balance sheet is fine and good earnings growth is expected. It should see increased business as oil and gas customers become flush with cash due to higher prices. The business can be cyclical and it is a relatively small company. It did miss recent earnings, but we would be comfortable taking a position in it today for a two or three year term.