Q: With their recent move to have TD look into a possible sale, would it be prudent to take a position today.
5i Research Answer:
'Exploring a sale' of course is not a guarantee that anything will happen. While the stock is relatively cheap, it may be tough to find a buyer, considering the company's exposure to office food courts and its economic sensitivity. Even with today's gain shares are still down on the year. We would temper excitement here and we would not be inclined to buy on this news.