Q: I'm holding PRL with a fairly big loss and I'm wondering how you would approach this situation. I'm fine to hold unless it makes sense to sell for the tax loss and buy GSY. If yes would you return to PRL after 30 days for long term? I assume they will move in a similar way.
thx, Mark
thx, Mark
5i Research Answer:
They should be somewhat correlated. We continue to like both, but would be fine with a tax loss strategy. We would use GSY as a proxy, and then in 30 days decide which one to keep (we would be fine either way. GSY is larger and has a longer history, and could be safer in a market downturn).