Q: Hi there,
I'm looking to put my 2024 TFSA money into once concentrated bet. This would be a longterm hold (ie: decades possibly, if the story keeps getting better). Do you think LMN would be a good name that would qualify? If not, what would currently be a better bet?
Thanks!
I'm looking to put my 2024 TFSA money into once concentrated bet. This would be a longterm hold (ie: decades possibly, if the story keeps getting better). Do you think LMN would be a good name that would qualify? If not, what would currently be a better bet?
Thanks!
5i Research Answer:
We certainly like LMN as a long-term hold, LMN is the smallest entity in the CSU’s group, and, as a result, we expect LMN could have the longest runway to compound capital. Assuming it follows CSU's strategy of doing accretive acquisitions and never issuing new shares, we think it could be a very good 'buy and hold forever' type of stock.