Q: Good day all, according to Canadian Insider, Capstone insiders have been doing a lot of selling in the past few months. What can you read into this and how do you see this affecting the future of the company as a stock investment ? Thank you.
5i Research Answer:
Insider selling is never a 'great' sign but there can be lots of reasons for it. Insiders still own more than $200M in stock. We can also live with a bit of insider selling on a stock that has risen 41% in the past year. The future will likely still be dictated more by copper prices than any trading activity. EPS is expected to more than triple in 2025. If CS can achieve this growth, the stock should do well.