Q: Hello. I purchased Nuvei when it was trading at a low price. Currently, I’m up 28%. However, I’ve come across some negative news about the stock recently. Should I continue holding onto it, or would it be better to switch to another company? If I decide to switch, which new stock should I consider? I’m open to both US and Canadian stocks. Thank you
5i Research Answer:
There is always going to be negative news. In fact, every trade consists of someone who doesn't like the stock and is therefore selling. NVEI has had some issues certainly. It lost a big customer last year. It has missed estimates. Things have improved, and for now we consider it a HOLD. But we would consider LMN, DSG or DCBO as 'better' overall.