Q: I sold PRL for tax loss reasons and I can buy it back now. However, your opinion on PRL has gone from hot to cold over 2025. Should I even bother putting it back in the portfolio or move on to something else? If something else, what please?
5i Research Answer:
While momentum has shifted, valuation of PRL is attractive at 9X earnings, and we think it is an excellent candidate for a small cap January bounce. It is higher risk, however, but we would be comfortable adding it back if one was comfortable with it before.