Q: Good morning guys ..
would u start a position here with the recent run up or wait for a pullback with this story .
Thx
Mark
would u start a position here with the recent run up or wait for a pullback with this story .
Thx
Mark
5i Research Answer:
The stock is off to a huge run in 2024 after a big 2023. But business is good, and the company should benefit from lower rates. We like it, but its valuation on a P/E basis has doubled. We think one has time for this to consolidate a bit, and we think only a partial position is suggested at this time.