Q: Why the big drop today? Is it warranted? What is your outlook for the company? Is it a buy, sell or hold? Thanks
5i Research Answer:
PLUR released earnings yesterday and saw revenue decline almost 30% year-over-year and similar drop in net income. These were definitely weak results so the 20% drop is has basis. We commented on it recently here. We do not give it much consideration due to size alone ($23M) and an investor would need to have a very high risk tolerance. We would not be comfortable owning it.