Q: Hi!
Does CIX have what it takes to get to $20 and beyond?
What kind of market would you say we are we in? Sideways, up, or down?
Thank you!
Does CIX have what it takes to get to $20 and beyond?
What kind of market would you say we are we in? Sideways, up, or down?
Thank you!
5i Research Answer:
CIX is buying back a lot of stock, and rising markets are of course good for earnings. We think a solid stock market and no interest rate surprises could see the stock move towards $20 over the next 18 months. We think we remain in a rising bull market. Lots of worry, but earnings are solid and inflation is under control.