Q: Any info on VLN.To would be appreciated.
thanks Valter
thanks Valter
5i Research Answer:
VLN is up 60% YTD after its announced sale of its French subsidiaries and divesting its asbestos-related liabilities. It has lost money for many of the past eight years, and growth is very low. Even before the divestiture, sales this year will be lower than they were a decade ago. The stock is thinly traded, with no analyst coverage and a small dividend. The recent moves are positive, but we note the stock has a negative 7.5% return over 10 years, and with an expensive valuation and little growth we would go elsewhere.