Q: I like the current valuation of BN at a p/e of about 17. It really seems to be similar to an ETF with such diverse holdings. Would you be comfortable with a 10% holding or higher of BN at this time?
Thanks!
Thanks!
5i Research Answer:
Weightings need to be based on personal needs and goals, but we are very comfortable with BN as a long term position. It is out of favour right now but historically has created substantial shareholder value. Generally we get nervous at 8% positions and BN is less than 4% of our Balanced Model today.