As an investor and real estate developer, CHC is well-positioned to benefit from the potential lower interest rate environment looming on the horizon. We can still see the stock testing $15 through 2024 or ~10% higher, but we would call it more of a hold than a “buy-in to dips” stock.
- We remain fans of CHC, but the risk/reward is diminishing as the stock approaches the $14 level.
MM is cautiously bullish toward CHC
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