Q: Hi team
I am disappointed for the pull back and I have held it for awile
wonder if it is a decent move to sell 50% and buy GSY
are they in the same risk category and both undervalued?
both pays a dividend which is nice
thanks
Michael
I am disappointed for the pull back and I have held it for awile
wonder if it is a decent move to sell 50% and buy GSY
are they in the same risk category and both undervalued?
both pays a dividend which is nice
thanks
Michael
5i Research Answer:
We think PLC has good recovery potential from current levels, but do like GSY a bit more for growth. We would be comfortable with this switch. Both are small caps; GSY is larger, but PLC's business is likely more stable in most economic conditions. We would consider GSY slightly less risky but it is sensitive to interest rates and loan losses.