Q: Celestica- I added a half position last week at $90.10. It’s run back up to $139.50 making it a 3/4 position.. great timing so thank you for the additional insights. My question.. let the winner run seems obvious but do you top it up here or wait for a consolidation. If wait, do you think adding to CRM today makes sense - 1/4 position currently.
Thanks
Thanks
5i Research Answer:
We like CLS, and the quarter and guidance were solid. Since then, more large companies have committed to more capex spending, so the AI spend trend does not seem over yet. Still, after a 50% week, we think further diversification is better and we would currently prefer to add to a smaller position of CRM within a portfolio.