CTD delivered a disappointing August result, including guidance for FY25. We still see no compelling reason to re-enter the stock after exiting a few months ago above $13. CTD has endured a significant fall from grace and is an example of why investors should always remain open-minded.
- We wouldn’t be surprised to see CTD test $10 in the coming year, especially if its FY25 guidance proves too optimistic.
MM is neutral to negative towards CTD
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