Q: Down 17% on BNS. Would you sell for a tax loss or stay the course? Thanks for your support in 2023.
5i Research Answer:
We think it can recover, and officially we would be at HOLD. But, we are fine with a tax loss/rebuy strategy in order to crystallize a loss. The last day is December 27 for 2023 tax purposes. We do not think it is the type of stock to 'spike' higher in the short term to offset the tax benefits.