Q: I have held both of these stocks for a long time but beginning to feel that they will not be doing much for a while. Can you see either returning to growth this year?
Thank You
Peter
Thank You
Peter
5i Research Answer:
KXS is up 5% YTD. EPS growth of at least 25% is expected this year. This 'should' get the stock moving. BEP.UN is down 7%. Analysts expect a slight dip in cash flow in 2024. But the company just raised its distribution, and the stock could improve if interest rates decline over the year. We would not consider BEP as high growth, but KXS has the potential to be with new contracts. We would be OK owning both right now.