Q: Hello,
Given decent results from constellation and Descartes Systems, any reason why the stocks have been declining.. Do you think it is simply profit taking and both are good long term investments? Much appreciated.
Given decent results from constellation and Descartes Systems, any reason why the stocks have been declining.. Do you think it is simply profit taking and both are good long term investments? Much appreciated.
5i Research Answer:
For CSU, it was likely profit-taking as the results were solid. There was a bit off a tech sell-off last week and CSU had been up big over the last-year, so this was likely why. We continue to like it and see it as a buy. Similar thoughts on DSG where results were good and the decline was likely tech profit taking. We see it as good long-term investment as well.