Q: It’s getting more difficult to stay positive on PBH. I know that better things are expected after recent Capex but share price keeps falling. Are you still optimistic or is it time to sell
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5i Research Answer:
Optimistic may not be the best description, but considering the expected earnings growth rate in 2025 (34% for EPS), the dividend and valuation, we are willing to give it a couple of more quarters as a HOLD. Tariffs have added some investment concerns, but sentiment is quite low and any good news or a nice earnings beat would likely amplify an positive move in the stock.