Q: Hi,
Is MG a buy? It looks like it has a reasonable valuation. Tailwinds? Headwinds?
I've been holding CIX for about a year now. Got in at about $20. Can we expect some upward movement given the share buybacks and the large economic context?
ENGH...is it reasonable to expect this stock to get to 35 or so any time soon?
Yours kindly,
David
Is MG a buy? It looks like it has a reasonable valuation. Tailwinds? Headwinds?
I've been holding CIX for about a year now. Got in at about $20. Can we expect some upward movement given the share buybacks and the large economic context?
ENGH...is it reasonable to expect this stock to get to 35 or so any time soon?
Yours kindly,
David
5i Research Answer:
MG we think is a HOLD; it is very cheap but needs a catalyst. CIX we think has potential, but the business remains ultra-competitive. But recent changes at the company we think are positive and of the fund companies it would be our favourite. ENGH has been as high as $38 this year; $35 is doable we think but perhaps not 'soon'. Still, it would only take good earnings or a good market to get this going, we think.