Q: Hello Team,
I wonder if you can comment on the steep fall of GSY yesterday followed by a much steeper one today followed by the announcement of 'preliminary Third Quarter Data'. Was it really that bad?
Thanks you,
I wonder if you can comment on the steep fall of GSY yesterday followed by a much steeper one today followed by the announcement of 'preliminary Third Quarter Data'. Was it really that bad?
Thanks you,
5i Research Answer:
We have comments from yesterday posted. The news we do not think is that bad, but anytime a company potentially experiences a de-celeration in growth investors get concerned. The stock was also downgraded by BMO todat to Market Perform. Historically, the stock has had wide swings at times: it is still a small company, after all. But it has adapted always and we would continue to support it and think the long term picture remains robust.