Q: IMG. HAS ALMOST TRIPLED IN VAUE THIS LAST YEAR AND STILL GOING STRONG.
STILL LOOKS GOOD ON PAPER. WHAT IS YOUR OPINION OVER A ONE YEAR PERIOD.
STILL LOOKS GOOD ON PAPER. WHAT IS YOUR OPINION OVER A ONE YEAR PERIOD.
5i Research Answer:
The sector has been very strong, and IMG is up 23% YTD. It remains cheap at 10X earnings. The balance sheet is decent and good earnings growth is expected this year (58c to 80c). The last quarter was very good, but earnings estimates have ticked down in the last four weeks. We would be comfortable owning it today but generally would prefer AEM.