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  5. T: As retirees with moderate risk tolerance, Telus is a 4% core holding in a mainly conservative dividend portfolio. [TELUS Corporation]
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Q: As retirees with moderate risk tolerance, Telus is a 4% core holding in a mainly conservative dividend portfolio. We realize (and like) that Telus Health is a small part of the company. We are considering a 1% position in Well for diversification in Health sector, and would appreciate your thoughts on it. Is this an opportune time to buy, or does 5i expect tax loss selling to put more downward pressure as year-end approaches? Thank you. Edward

Asked by Edward on October 07, 2021
5i Research Answer:

We feel that Well Health is doing many things right and the stock price has actually been consolidating since October of last year. The company is projecting to grow its top-line over the next year by 61% and it's projected to be profitable by next year. WELL's revenue growth rate has been accelerating and its gross profit margins are expanding. It's tough to determine if there will be any downside impacts from tax-loss selling, however, the stock has been fluctuating around the same price for just under a year, and so we would consider this a good opportunity to buy. We would be fine adding it to an otherwise diversified portfolio for a bit more healthcare exposure.