Q: I purchased Coveo in Nov'23. It initially dropped, then rebounded nicely and has become a dog since early Feb'23. I'm now in about a 25% loss position. Is it worth holding on to this loser?
Dave
Dave
5i Research Answer:
CVO has lots of cash and decent growth, but continues to lose money and cash flow is negative. We did expect the AI frenzy to help it more, but so far investors are skeptical. It reports today, so we may get some more details. We cannot get personal, but we would not consider it a need-to-own stock, and would not miss it if sold.