Q: Pain in a TFSA. Invested $6,200 into Sangoma and it's now $800. Invested $15,000 into Converge and it's now $5,000.
I don't mind waiting, but will these ever recover?
I don't mind waiting, but will these ever recover?
5i Research Answer:
CTS had strong results today and the stock has moved. We think it does have recovery potential, moreso if interest rates do pivot. STC is losing money still, but good growth is expected. We think it has potential, but is higher risk growth overall. We think both can be held at least until January/February, to see how the yield curve goes and also to take advantage of the January small cap bounce potential. Longer term performance will of course depend on earnings, but today was a good start for a CTS recovery.