Q: Hi Peter, Ryan, and Team,
In order to keep the real estate sector balance more or less the same, would you endorse a sale of TCN to use the proceeds to purchase more DIR.UN (which we already hold in this investment account) ? TCN has been a frustrating stock, but I believe that DIR.UN has more upside. Alternatively, are there other stocks in the same sector that you would suggest instead of DIR.UN?
Thanks as always for the pertinent guidance.
In order to keep the real estate sector balance more or less the same, would you endorse a sale of TCN to use the proceeds to purchase more DIR.UN (which we already hold in this investment account) ? TCN has been a frustrating stock, but I believe that DIR.UN has more upside. Alternatively, are there other stocks in the same sector that you would suggest instead of DIR.UN?
Thanks as always for the pertinent guidance.
5i Research Answer:
The whole sector can be frustrating. TCN, with its US exposure, likely has more upside potential than a REIT which pays out most of its cash flow. We would be OK with a switch, if growth was not the objective and one wanted a mix of income and growth. We do like DIR.UN. In Canada there are very few 'growthy' options in the sector.