Q: CN Rail stock seems to have benefitted from the HALO theme as well as business prospects turning for better, after lagging the market for almost 18 months. The shares have gone up 15%, within a short span of 4-5 weeks.
Does it make sense to initiate a New position at current levels $150-$152 ( 52 wk high) or wait for some pullback/consolidation ?
Thank You
Does it make sense to initiate a New position at current levels $150-$152 ( 52 wk high) or wait for some pullback/consolidation ?
Thank You
5i Research Answer:
Timing is never often perfect; we would be comfortable buying today based on valuation, prospects and dividend.