TSX:TFII - Post Discussion
Post by
retiredcf on Nov 07, 2021 8:06am
Another View
TFII has gone down ~11% since they reported their last quarter which was solid. It almost appears as if investors are thinking that TFII has not much more room to grow going forward.
TD did lower its target price, but other brokers raised theirs. The main issue seems to be that TFII's earning beat was 'light' compared to some others in the sector. But we would not be overly concerned. Yes, there may be some investors who anticipate an economic slowdown. But we take confidence in the dividend hike, and estimates still call for pretty solid growth in 2022. We think that the company has proven itself enough in the past to be given the benefit of the doubt.
So said the team at 5iResearch. GLTA
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