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Empire Company Limited Non-Voting Class A Shares (EMP.A)
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Tourmaline Oil Corp. (TOU)
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Enghouse Systems Limited (ENGH)
Q: Hold the above securities in TFSA account held by my 89 year old parent. EMP.A (-25%)and ENGH (-51%) and am now trying to decide if I should add to them or move on to something with a better future prospect ( a suggestion with be appreciated). TOU has a small positive return at this time but was thinking of replacing it with CNQ - your thoughts. Some other holdings in the account include BAM, BN, CM, BEPC GSY, JWEL. Please deduct as many credits as many credits as appropriate.
Thank You
Thank You
5i Research Answer:
While we would consider ENGH still generally ok, we would not consider a 'conservative' stock for older investors. TOU we are very comfortable with. EMP.A's business makes it highly stable. It has been weak with food inflation, costs and higher rates but as rates peak it should do better. We would be comfortable holding it for a conservative investors. We would not consider JWEL to be conservative and its recent results were not great. Some other suggestions: SLF, ATD, TRI, CNR, FTS