Q: Good day guys ,
Finally pulled the trigger here with this name at 34 and change .. is this a good entry point ? That said Having this name in my tfsa for a long term hold , would u be comfortable dollar cost averaging here when funds are available and let this name ride for many years ..
thx
Mark
Finally pulled the trigger here with this name at 34 and change .. is this a good entry point ? That said Having this name in my tfsa for a long term hold , would u be comfortable dollar cost averaging here when funds are available and let this name ride for many years ..
thx
Mark
5i Research Answer:
Nothing is risk-free, but we have a very high degree of confidence in LMN. Its business has a high level of predictability, it has a strong management team being spun out of CSU, and its acquisition strategy is already proven. Its growth is accelerating, operating income is strong, and free cash flow is solid. We continue to like LMN and see good things ahead for the stock, especially over a long period of time. We would be comfortable dollar cost avering in here.