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  5. EMP.A: I hold both L and EMP. [Empire Company Limited Non-Voting Class A Shares]
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Q: I hold both L and EMP.A in a balanced portfolio. Any need to hold both? Divest myself of one or both due to losses? Any bright lights for the sector in the future?
Asked by John on October 08, 2025
5i Research Answer:

We think they both are fine but would not see the need for both, preferring L.

We do not see major catalysts. Both are adapting to tariffs, and their stocks might not do much if the rally in other sectors continues to draw capital away.