Q: Your thoughts on HR and PMZ at this time. Hold for the dividend or move on to some other area with better growth prospects? Thanks.
5i Research Answer:
While both are cheap, and have some attraction, we do not think either is a 'must own'. Unit prices should recover as interest rate hikes abate, but neither in our view has good-enough growth prospects. Much depends on what an investor's goals are, but for any growth investor we think one can do better than these two.