Q: Up > 100% on my BN position. Considering taking my profits to buy LMN (currently own TOI). Looking at 12 month hold of LMN with the possibility 2026 year end sell, redeploying back into BN. Essentially trying to capitalize on bounce back of LMN. Thoughts?
5i Research Answer:
We think LMN has decent 'bounce' potential, but we continue to also like BN a lot. A full-scale switch would essentially be a bet here on the short term. We would prefer keeping a decent position in BN and trimming or adding new capital for an LMN position, for diversification. We also do not like selling what's 'working' except for portfolio management or fundamental reasons (and BN fundamentals remain solid).