Q: Hi 5i
I've taken quite a beating on LMN in a registered account - down approximately 60% on the $25K flyer I took on it back when it traded in the $50 range.
I can afford to carry it awaiting a recovery, but I also think if a recovery is not imminent, I would like to take my losses and put what remains of the 25K to work elsewhere - perhaps in CNQ, TVE or WCP where capital appreciation and income are both realistic over the next couple of years.
What do you think - and if the premise is good but you have better ideas that CNQ, TVE or WCP please advise.
Thanks, 5i,
Peter
I've taken quite a beating on LMN in a registered account - down approximately 60% on the $25K flyer I took on it back when it traded in the $50 range.
I can afford to carry it awaiting a recovery, but I also think if a recovery is not imminent, I would like to take my losses and put what remains of the 25K to work elsewhere - perhaps in CNQ, TVE or WCP where capital appreciation and income are both realistic over the next couple of years.
What do you think - and if the premise is good but you have better ideas that CNQ, TVE or WCP please advise.
Thanks, 5i,
Peter
5i Research Answer:
We would consider the energy choices fine, along with SU as well. This is essentially a sector...