Q: I noticed that Lumine has been weak, probably due to poor results for the quarter. This was a stock 5i has consistently listed as a top pick. Is it still considered a top pick? Can you name other stocks that you liked a lot (made the list) that are now off the list. Has 5i thought of providing a regular update of stocks that were once favoured but no longer make the grade.
5i Research Answer:
We would still consider it a top pick and one quarter that was less than stellar does not change its long term potential. For others, MG certainly has been a disappointment, as has OTEX. We try to provide regular updates but we do focus on the longer term and will not react to single quarters unless there are fundamental changes.