Q: Good morning Peter & team:
What’s a good entry point for Tfii given its 15% drop today. Is this a temporary blip ? Would u wait for another qtr. and decide, or enter the mkt. now. What impact would tariff on this stock in the next 2-3 yrs. Thank you
What’s a good entry point for Tfii given its 15% drop today. Is this a temporary blip ? Would u wait for another qtr. and decide, or enter the mkt. now. What impact would tariff on this stock in the next 2-3 yrs. Thank you
5i Research Answer:
Most of TFII's business is in the US but it noted on its call that tariffs are simply adding more uncertainty. Business is not good right now, and that is before (if) we see a recession. We would view it as a HOLD, but some patience is going to be required here.