Q: Gentlemen; EIF has had a very good performance this month. I can't find any news items on the Company to explain the nice move. Do you have any thoughts?
5i Research Answer:
PAL Aerospace, an EIF subsidiary, did recently win a contract to design, manage and operate integrated ambulance services in Nfld., with partners. But there has been no other material news. The company and stock both benefit from lower interest rates, and this could be driving more interest.