Q: Like Herm asked yesterday. It seems PRL and GSY are moving in tandem towards year lows. At some point and tax loss cannot be utilized in TFSA would you consider a swap or better to hold? Can you suggest at what price this would make sense or do you think PRL will eventually have more growth potential? Thanks Larry
5i Research Answer:
We would consider GSY the 'safer' bet due to its larger size and longer history. But PRL likely has more 'bounce' potential, especially in a tax loss bounce. PRL gets very interesting at $23, GSY at $155 (we keep moving this lower due to the stock's negative momentum). Today, though, we would not see either as a sell.