Mainstreet Equity Corp. Completes Annual General Meeting with 90% Shareholder Engagement
Mainstreet Equity Corp. Completes Annual General Meeting with 90% Shareholder Engagement

Mainstreet Equity Corp. Completes Annual General Meeting with 90% Shareholder Engagement

News summary

Mainstreet Equity Corp. successfully held its Annual General Meeting on March 6, with approximately 90% of shares represented, indicating strong shareholder engagement. Meanwhile, small-cap stocks have faced challenges, with the Russell small cap index falling 10% since November, while the S&P index remained more stable. Analysts suggest that despite pressures from rising interest rates, small-cap stocks may benefit from domestic growth policies under President Trump. In the case of CareRx Corporation, the company reported fourth-quarter revenue of $92.2 million, slightly down from the previous quarter, and its shares are trading at $2.50. Analysts estimate CareRx's fair value at CA$2.53, with a price target of CA$3.51, reflecting potential upside. Overall, while small-cap stocks face a mixed outlook, there are signs of resilience and potential growth in specific sectors like biotech.

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