Q: I have this 3 stocks on each of TFSA, Cash, and RSSP, looking to consolidate into GOOG in my RRSP only, a year from retirement.
thanks
thanks
5i Research Answer:
We think GOOG looks attractive. The company is trading at a reasonable valuation, generating healthy cash flow and has lots of cash on the balance sheet. The company also started repurchasing shares at a much more aggressive pace. We do like the other two as well, but in a consolidation GOOG is the largest and likely the safest and we would be comfortable with such a move.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in GOOG.