Q: Could you please discuss your current outlook for Lumine.It’s been weak.
5i Research Answer:
We think the outlook for LMN is strong, but there has not been a lot of recent news, and the company does not provide much forecast information. The stock has been weak with the market and a lack of news. Revenue growth is good, and cash flow is growing. It has not Bay Street analysts as it is unlikely to ever issue equity. Thus, it can be a thin trader. It is an acquisitive company but hasn't announced any M&A deals in some time. Nothing 'worries' us here and we have strong faith in management. But a catalyst is needed to spark the stock. We just published a report on the company.