Q: Hi 5i,
I hold a full PLC position in my TFSA for awhile. In your opinion is it a compelling buy today for a 1% position in a NonReg account? If not, what price would offer a good risk return scenario for a buy and hold investor or do you think there might be further downside due to tax loss selling later this year?
I hold a full PLC position in my TFSA for awhile. In your opinion is it a compelling buy today for a 1% position in a NonReg account? If not, what price would offer a good risk return scenario for a buy and hold investor or do you think there might be further downside due to tax loss selling later this year?
5i Research Answer:
We can't comment on position size but still think it is buyable for a recovery. It is a small cap stock so not for everyone. Yes, tax loss selling is possible, as it is down 19% this year and well off its high. But we think anything under $20 would be quite compelling in such a scenario.