Q: What are your thoughts on HBM in the short to medium term. I have decent upside on this stock (bought back in 1st Q 2020 in my TFSA) and have been thinking about trimming my position to allow for funding of new buy(s)
5i Research Answer:
Please see recent comments here. The company has struggled in the past but is starting to put things together. It is reasonably priced with a strong balance sheet and good earnings growth potential. We like it more than we used to. That being said, we would be fine taking some off the table after a 73% one-year gain, especially as it remains a cyclical company and we would prefer to see 'pure growth' in a TFSA.