Q: Thank you for the core ideas in aprevious portfolio question.
Would you please provide a buy range on GIB.A. I'd like to average in and obviously it's been climbing thanks to the sector overall.
Should I just initiate my full position at its current valuation?
Thank you.
Would you please provide a buy range on GIB.A. I'd like to average in and obviously it's been climbing thanks to the sector overall.
Should I just initiate my full position at its current valuation?
Thank you.
5i Research Answer:
We can't personalize this response, but considering its growth and valuation we would be quite comfortable buying a half position today. That being said, it reports this morning so it may be extra volatile. If averaging in, we think a range of $155 to $160 makes sense (we may adjust this after earnings!). It has gone up 10 days in a row and probably should consolidate a bit.