Q: Is EQB a buy now? It was suggested that if if fell below $100.00 that this would be a good time to buy. I currently own some and wonder if I should buy more ?
Thanks
Thanks
5i Research Answer:
Economic risks have increased, perhaps a lot, and this can impact banks. We generally do not like averaging down but are more comfortable with the strategy when 'everything' is down. We would be cautious on sizing as it is a smaller company, but at 8X earnings and a dividend that was increased in February we would be comfortable buying some into the current weakness.