Q: Selling ATZ for tax loss harvesting. Your opinion on whether to buy again in 30 days and if so, what is a good proxy or, what to replace with in the same sector.
Many thanks.
CC
Many thanks.
CC
5i Research Answer:
ATZ shares do have potential from current levels if the company can get back on a faster growth trajectory, lower inventories and execute better. Sentiment is negative, so any good news could have an amplified effect. We think LULU could make a good proxy, and would consider it better overall. It is a much larger entity and much more expensive, so there is a trade off.