Q: I am down about 20% on Pinetree Capitol and wondering if I should hold. When I bought it the plan was for a five year hold (as you suggested as a reasonable timeframe). Does that still sound reasonable or do you think something has changed. The main reason for my purchase was in support of the management team.
5i Research Answer:
Nothing has really changed here. But it is an illiquid stock that had received some 'hype' and shares kind of got ahead of themselves. The underyling reasons for owning it still exist, and it is much more attractive now at $14 than it was at $24. We would be fine staying the course here.