Q: $160 to $106 in two weeks--what's going on? Is this an opportunity to pick up a full share?
5i Research Answer:
HPS.A missed earnings estimates and we have comments posted. With the stock's huge gains investors have been quick to take profits. We think new investors can accumulate now, though we would start with a partial position. Much of the earnings miss was due to stock-based expenses, which are non-cash and mostly reflect the stock's big gains, which of course is not a 'bad' thing to have.