Q: I’m looking to start a new position in TRI. Given that the stock price continues to decline, a) what would be in your opinion, an attractive price to buy in? B) How long do you think the stock price will continue to decline for? Thank you.
5i Research Answer:
We think $173 to $175 would be a good entry. Declines are hard to predict, but our guess here is that this is tax-selling related, and we should see some stability going into year end. We could see a bounce in January once all tax-sellers are gone.