Q: Gentlemen;
Are you surprised in the current weakness in the price action since earnings were released?
Do you think this is a decent entry point?
Are you surprised in the current weakness in the price action since earnings were released?
Do you think this is a decent entry point?
5i Research Answer:
Very much so; considering EPS was more than twice estimates, the fact that the stock is now lower than it was on Feb 23 when results were released is surprising. It has also had broker upgrades since then. We have no reason to expect a bad Q1 report and would be fine chipping away on the buy side here.