Q: Buy , Hold , Sell ???
Please provide some explanation.
Thanks. ram
Please provide some explanation.
Thanks. ram
5i Research Answer:
LMN is up 66% in the past year; its shares have consolidated a lot following the gains, and it did have a weak Q2. But the long term thesis has not changed at all. We expect a lot more acquisitions, and expected growth is high. Consensus calls for 44% EPS growth in the next year. We like its management team and its strategy (rolling up software companies for cash flow). Despite the decline recently, we would still consider it one of the better mid-cap tech stocks available in Canada. We would be comfortable accumulating.