Q: We have a full position in CSU after dollar cost averaging down, unfortunately at higher prices. Just wondering with the current downtrend if we should cut our losses. Even though we're recently retired, we have a longer term perspective when investing. Just wondering though if there's other names in the same sector with greater potential?
Thanks once again for your great investment service... Tom
Thanks once again for your great investment service... Tom
5i Research Answer:
Today's drawdown is harsh but there is no news. In fact, CIBC marginally upped its target price recently. We would be fine holding this into earnings, to get some clarity. Investors are worried about AI and management changes, but we do not expect the company to change its MO. It may take a bit to calm investors down, but we remain confident overall.