Q: Hello,
I thought given the news about Goeasy's ceo change (uncertainty) would have moved some investors to propel holdings.. Also, what is holding the stock back? The market is moving higher today but propel is hardly moving... also, any news on Topicus.. The stock is at a standstill with few trades taking it higher than it dips again.. is it becoming a trading stock
I thought given the news about Goeasy's ceo change (uncertainty) would have moved some investors to propel holdings.. Also, what is holding the stock back? The market is moving higher today but propel is hardly moving... also, any news on Topicus.. The stock is at a standstill with few trades taking it higher than it dips again.. is it becoming a trading stock
5i Research Answer:
We would caution against comparing single day moves to the market. PRL is up 77% this year and has obliterated the market's return so far. It remains cheap, but GSY is much larger and we think it can manage the CEO transition well. Its decline also makes it attractive and it is now (marginally) cheaper on valuation than PRL. There has been no news on TOI in nearly two months. But it is up 34% this year, and also way ahead of the index.