Q: Hi 5i team,
I currently hold a well-balanced portfolio and I am contemplating selling 50% of my position in GSY to purchase ECN. I am willing to take on some risk for potential reward, but I am unsure if maintaining GSY would be more appropriate for my investment space.
Best,
Matt
I currently hold a well-balanced portfolio and I am contemplating selling 50% of my position in GSY to purchase ECN. I am willing to take on some risk for potential reward, but I am unsure if maintaining GSY would be more appropriate for my investment space.
Best,
Matt
5i Research Answer:
We consider ECN OK today, and its strategic review will be updated next week. But...we think GSY is much better overall and would not endorse a switch of any kind currently. GSY is much larger, doing very well, has positive momentum, a better dividend and is in fact cheaper than ECN on valuation.