Q: Good Morning
Both my wife I own shares in ECN and have been long time owners and over the years have done very well. However now in our mid seventies and with the new focus for ECN if now would be a good time to exit our position and invest in something more appropriate and conservative for our age. Selling half would leave us with to small a position so either sell all or retain it?
What are your thoughts and if sell is the suggestion what would those suggestions be?
we are over weight in both financials and TECH
We understand you are unable to provide direct guidance
Thks
Marcel
Both my wife I own shares in ECN and have been long time owners and over the years have done very well. However now in our mid seventies and with the new focus for ECN if now would be a good time to exit our position and invest in something more appropriate and conservative for our age. Selling half would leave us with to small a position so either sell all or retain it?
What are your thoughts and if sell is the suggestion what would those suggestions be?
we are over weight in both financials and TECH
We understand you are unable to provide direct guidance
Thks
Marcel
5i Research Answer:
We think ECN still has potential, but in now way would we consider it a conservative investment. As noted, we can't personalize things but if we were 70+ and retired (not yet) we would consider it too risky. Typically it is not worth it to hold small positions so a full exit works for us (note we do not consider it a SELL for smaller cap, more aggressive investors). We think DOL, ATD or CNR would be good replacements in other sectors.