Q: If you held GSY and PRL in a taxable account and were down about 35% on each. Would you sell to claim the tax loss and buy back a month later? Or if there a decent risk of either going up in the next month? Thx
5i Research Answer:
While we think both look attractive at their new prices, we doubt either will see a big catalyst in a 30 day window that would move the stocks enough to offset the tax benefits. We would be comfortable with a tax loss/re-buy strategy for either.