Q: Been underwater TCL for three years and it finally scratched back in the black for me, now wondering if its worth holding on to or if I should move on to something else?
5i Research Answer:
While it is hardly an exciting stock, it is priced very well, generates lots of free cash flow, and is now up 65% in a year. With balance sheet risk getting better, very strong recent results, good stock momentum and a good dividend, we would be comfortable keeping this longer, with a view to reexamine at the end of this year.