Q: Hello 5i team, HPS.A is currently down 32% since I bought in. What are your outlooks on HPS in the future? I was planning on a long-term hold.
5i Research Answer:
HPS.A has settled back after its big run, but we think the outlook remains good. If an investor is down 30% it implies it was purchased very recently, and we would stress the long term here. The stock pays 1% while an investor holds, is not too expensive, it has a strong balance sheet (net cash) and good earnings growth is still predicted over the next several years.