TPG has made fresh all-time lows this week and is currently sitting down -17.8% year-to-date. Note that statistically, buying stocks making a new low is a dangerous game. TPG is not a quality stock, with margins under pressure from increasing competition and debt/interest issues looming. Our stance hasn’t changed; we prefer TLS for income and ABB for growth, with TPG simply in the “too-hard basket.”
- After its poor February result, we said, “We see no reason to catch this falling knife until further notice.” Nothing has changed.
MM is neutral at best toward TPG
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