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goeasy Ltd. (GSY $137.18)
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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $168.97)
Q: I currently own a small position in GSY in my TFSA. Tired on the volatility of this stock and considering changing for HPS.A. Sector change is ok.
Which of the two would you consider to have better growth prospects for a 5 year hold? Why?
Thanks,
Jim
Which of the two would you consider to have better growth prospects for a 5 year hold? Why?
Thanks,
Jim
5i Research Answer:
HPS.A likely has more pure growth potential, as it is not regulated like GSY, the sector is not 'hated' by some as GSY is, and its AI connection should high drive growth in the near term. HPS.A is more expensive (much) so there is a trade off here. HPS.A is also quite volatile as well, so it may not solve the volatility concern as much as expected.