Q: Peter,
On CSU pullback what price point would you be looking at to step in?
Last pullback in 2022 lasted almost 6 months. Of course I know history never repeats itself exactly but I am looking for a range at which the stock would be in your view a compelling entry point?
On CSU pullback what price point would you be looking at to step in?
Last pullback in 2022 lasted almost 6 months. Of course I know history never repeats itself exactly but I am looking for a range at which the stock would be in your view a compelling entry point?
5i Research Answer:
It is hard to time entry points perfectly. CSU has been resilient historically.
We would be aggressive adding below $3,000, but we are also comfortable averaging into CSU overtime rather than trying to time it, most of the time it makes sense to average into compounders at a fair price. Yesterday's drop seemed harsh to us, and we think $3,150 to $3,225 would still be a decent buy range.