Q: CLS has had a strong run since their latest results. At today's price would you consider it a buy, hold or sell and what is your reasoning for the rating? Thanks so much!
5i Research Answer:
We trimmed some in our model portfolio last week. We like it and obviously momentum is very solid here. Its numbers have been solid and it is reasonably priced at 22X earnings. The stock finally closed above its 2001 high last week. Despite the trim, if not owned we would consider it a buy. Our portfolio weighting had gotten near 7%.