Q: Good Day team, Been down 48 to 50% for long time. My book price was 32.51.giving me yield of 3.6. Considering double down for a yield of 4.8. This would use up my allowed contribution room in TFSA .So selling would give no tax loss advantage . Better place for new money or ? Much appreciate your insight.Thanks Larry
5i Research Answer:
We are not big fans of averaging down, especially after a 40% dividend cut. For new money with a dividend, we would prefer ENB or BEPC by a wide margin.