Q: First of all. thanks for your timely advice and guidance in these crazy times!!!
Do you feel POW is a good conservative play in a RRIF rather than BN, if one is concerned about safety in a portfolio and with BN's price drop lately
or do you think BN is still a good stock to hold for the long term?
Thnx 5I
Do you feel POW is a good conservative play in a RRIF rather than BN, if one is concerned about safety in a portfolio and with BN's price drop lately
or do you think BN is still a good stock to hold for the long term?
Thnx 5I
5i Research Answer:
We continue to like BN. The decline is following the general markets and asset managers and we wouldn't view it as a company specific issue. Regardless, we would also be fine with POW. Momentum is good, the valuation is cheap and they have good assets within the parent company.