Q: Peter and His Wonder Team
I have held this stock for years and am down a ton. Recently it has moved up. Any thoughts on why it has a little life? Thanks!
I have held this stock for years and am down a ton. Recently it has moved up. Any thoughts on why it has a little life? Thanks!
5i Research Answer:
There has been no news in nearly two months. It did report assets of $40B in early December, but we see no solid reason for the 27% YTD gain. Canadian stock markets are off to a solid start for 2025, but we think the move is too much if that is the sole reason. There has been a bit of recent insider buying. Trading volume remains pretty low so we would have less confidence in this move.