Q: NVEI I’m down 47% in a non registered account. Do you see a catalyst coming in the next 30 days or would you lock in the capital loss and buy again later? Is there a decent proxy you can recommend if tax loss selling here makes sense?
Thanks as always.
Don
Thanks as always.
Don
5i Research Answer:
With the forecast and the big sentiment shift, we highly doubt it does much in the next 30 days. We think SQ or LSPD could be a proxy. We would still prefer NVEI over either 30 days following a tax sale, because of its much much cheaper valuation.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in SQ.