Stock price when the opinion was issued
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The target price was raised today by RBC and National Bank. There was a story that retailers are accelerating shipments to secure adequate supply. This may point to strong sales. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. 2022 Guidance maintained. Strong pull-forward in demand. Supply chain issues curbed. Initiated first ever dividend. Unlock Premium - Try 5i Free
Big pullback, then a double bottom, sideways trading, then stock broke out. Negative news today, but it's still holding in sideways trading channel. As long as we don't break below recent lows in the range, chart shows higher highs and higher lows, an uptrend. Now in sideways consolidation, a "pennant" in technical terms, which typically results in a continuation of the move. Add on weakness, limit exposure near the recent lows.
(Past Top Pick Sept. 28, 2017, Down 1%) It's outperformed its peers. But it doesn't trade at a low multiple. Partially sold his shares. Great management. This is one of the better IPO's in Canada. It did well last Christmas with good toy launches. They've been a good consolidator/acquirer. He really likes this story.