Q: With tariffs coming in the very near future do you think that i should reduce my exposure in PNG.I currently have a 5% position and have done very well.
My plan would be to buy back the shares on the dip and reinstate my 5% position.
Thanks for your Reply
My plan would be to buy back the shares on the dip and reinstate my 5% position.
Thanks for your Reply
5i Research Answer:
We can't personalize answers, but we would prefer to own PNG in a position size that can be kept for a decent period of time (3 years+). We would be fine trimming to manage risk exposure: it remains a volatile and riskier-than-average stock. But we like its prospects, and it is very difficult to successfully time an exit and re-entry. One big contract would move the stock, and there is no guarantee of any dip that would allow a successful sell/re-buy. We still see it as a solid small cap growth company.