RE:RE:Spruce point short NVEI Another growth by acquistion play where the future growth is slowing down.
Neutral really mean sell. which NVEI did after that date.
2021-11-11 The Globe and Mail reports in its Thursday edition that Citi analyst Ashwin Shirvaikar continues to rate Nuvei "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shirvaikar hiked his target for its shares to $120 from $100 (all figures U.S.). Analysts on average target the shares at $147.40. Mr. Shirvaikar raised his financial forecast in response to better-than-anticipated third quarter results. He warns upside is now "modest." Mr. Shirvaikar says in a note: "Nuvei delivered strong growth in absolute terms, partly with the help of acquisitions that have added a number of new capabilities. The beat-and-raise contributes to higher estimates but the sharp appreciation in the stock during the September quarter already anticipated this. ... The upside risk to our view remains the continued use of its cash position to make acquisitions that add clients and capabilities. On the other hand, a deceleration in the growth toward the medium-term outlook would imply the stock is fairly valued and remains our baseline assumption. ... While we continue to believe in the many positives in the Nuvei story, we are cautious of the risks. Taken together, we believe the risk/reward is balanced." PES2021 wrote: This illegal practice should stop!! How is it that you can short or long something that you dont own?? Can you short or long a property that you dont own legally? Why this fraud in stock investment?