Q: I sold 1/2 of my ATD because it got to over 20%. Do you think a good replacement with the recent weakness would be BYD or do you view the risk as significantly higher? Do you think the selling on BYD after its Q release is over done? What would be a good entry point? Is there another stock you would consider a better replacement for ATD?
Thank you.
John
Thank you.
John
5i Research Answer:
BYD has had 'misses' before and has always recovered. No guarantees of course, but with the decline we would be comfortable using ATD proceeds for it. We would consider it somewhat more risky due to its smaller size, but generally at an OK risk level. $280 we think would be fine.