Investment Memo Case Study
I'm currently in the process for a multi-manager platform and have been tasked with getting up to speed and submitting an investment memo. After doing some initial research, my gut is telling me to provide a HOLD recommendation given recent business results.
Would you folks say its a bad thing to submit a HOLD recommendation? There are very valid reasons to short it, but the company is also at its multi-year low in terms of valuation and there is also the argument that the last quarter was an anomaly and that this is a good time to buy the dip.
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