Q: Hello,
Wondering what your thoughts are on accumulating TFII at these levels? For a longterm hold. I realize there might be more tax loss selling and pressure on the stock if a recession arises but would this be already priced into the stock at this time?
Thank you
Wondering what your thoughts are on accumulating TFII at these levels? For a longterm hold. I realize there might be more tax loss selling and pressure on the stock if a recession arises but would this be already priced into the stock at this time?
Thank you
5i Research Answer:
We think it makes good sense, as long as an investor has some patience. In an economic recovery, or even with some tariff relief, we think TFII shares can do much better. If industry conditions do stay weak, though, we would expect the company to make some acquisitions to set up even better growth when the cycle turns. We think a lot of potential bad news is indeed priced in.