Hang in ThereMy DRX shares are down 20% in a very short time. Maybe it was just bad timing on my part but has anything changed fundamentally? Why is is dropping so much and so fast? Is there any news? What is your recommendation?
DRX had a very big run up and is now consolidating. It is up 287% in a year and 17% YTD. It has had no company news since December. We see no specific reason for a decline, though some investors no doubt may take profits at any time, and some may be concerned about the economy and its cyclicality. But we would still consider DRX to be a BUY as it trades at less than 8X earnings. (5iResearch)