Also, they have met all the criteria to be included into the S&P 500. Just wondering when they will actually be included into the index. Thanks for this informative write-up.
Very interesting observation, Yong Boon! I had not picked up on that.
In case it helps, this is what the Executive Vice President & Chief Financial Officer, Corey Code, had to say about it in the Q4 2021:
"Obviously, the criteria for the index inclusion required the last quarter to be positive earnings plus the prior 12 months. And now we have met all the criteria with the positive fourth quarter earnings. So we're looking forward to getting included in the index. Obviously, that prediction on timing, there's a little bit more difficult. The decision processors a bit more opaque, but we've met all the criteria and we'll do everything we can to get in there, because it'll be a nice pick up in passive investment kind of in the 5% to 7% range is sort of a rule upon we looked at."
I'm glad you liked the write-up. I will be posting another one this week, so stay tuned!
Also, they have met all the criteria to be included into the S&P 500. Just wondering when they will actually be included into the index. Thanks for this informative write-up.
Very interesting observation, Yong Boon! I had not picked up on that.
In case it helps, this is what the Executive Vice President & Chief Financial Officer, Corey Code, had to say about it in the Q4 2021:
"Obviously, the criteria for the index inclusion required the last quarter to be positive earnings plus the prior 12 months. And now we have met all the criteria with the positive fourth quarter earnings. So we're looking forward to getting included in the index. Obviously, that prediction on timing, there's a little bit more difficult. The decision processors a bit more opaque, but we've met all the criteria and we'll do everything we can to get in there, because it'll be a nice pick up in passive investment kind of in the 5% to 7% range is sort of a rule upon we looked at."
I'm glad you liked the write-up. I will be posting another one this week, so stay tuned!