We expect that continued right-sizing of the company through non-strategic divestitures will help to move the shares higher.
The holding supports our thesis that it pays to own a quality name.
The secondary offering is now in the company's rear-view mirror, so we believe the stock will stabilize.
Our model portfolio stocks performed quite well through earnings season and we are looking at new names to add now.
After the company gets this offering out of the way, we'll look for the stock to trade with less volatility.
As earnings season wrapped up for the most part, we added to two of our model portfolio positions this week.
It beat expectations for the sixth straight quarter.
We remain bullish on the name though the stock remains highly speculative and may trade with increased volatility.
Strong metrics support our bullishness on the stock.
We maintain our bullish outlook on the stock heading into the report.