Q: Good day guys ..
appears the market is content with their latest results . U mentioned hold after the release . Are u very comfortable “ long term “ . If so .. why not just buy and not hold . Dollar cost averaging would be a logical here would it not ?
Thx
Mark
appears the market is content with their latest results . U mentioned hold after the release . Are u very comfortable “ long term “ . If so .. why not just buy and not hold . Dollar cost averaging would be a logical here would it not ?
Thx
Mark
5i Research Answer:
As mentioned in our prior answer, we needed to see how shares reacted to the earnings. We are quite comfortable long term, and would be OK buying for the long term. However we would like to see the negative organic growth trend improve. The stock could have possibly also fallen with the release, but investors have focused on the revenue beat rather than the slower growth. But we wanted to express some caution overall as it has seen some consistent weakness over a few months.