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goeasy Ltd. (GSY)
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Aritzia Inc. Subordinate Voting Shares (ATZ)
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Crocs Inc. (CROX)
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Enphase Energy Inc. (ENPH)
I did tax loss selling last year in late December which bit me hard when the stocks took off in January with me sitting on the sidelines. Should I consider selling any of these now with the intention of buying back in 30 days and harvesting the tax loss? If so which would you suggest selling and which would you buy back? Short of that would you suggest averaging down on any of these instead? Thanks in advance! Take as many credits as you wish.
Generally, we are comfortable with tax harvesting at any time of year, to avoid further possible losses at year end and to provide time for rebalancing. We think this can apply to these four names. We don't see any as having the possibility of 'spiking' higher in the short term enough to offset tax benefits. We think ENPH is getting more interesting, but the momentum is horrible. We would be fine with a tax loss sell and a very slow rebuy accumulation. Same with ATZ: we still like it long term but it has some problems to fix. The other two we think can be rebought more quickly. Each is cheap enough already and with good upside potential.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CROX.