Agree. The results are not that bad. Europe is a weak spot, which is as expected. The only surprise is the poor performance from Canada.
There are a signifant integration cost included in the results, which I assumed is for the BNY acquisition, plus a higher depreciation item.
M&A activities are at a multi year low globally. Once things pick up, CPU will be taking the fruit from the expansion during the bad market times.
Still positive and patient.
DYOR
Agree. The results are not that bad. Europe is a weak spot,...
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$26.34 |
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