Q: Hello, my position in TRI has tanked and is now less than 1% of total holdings, and in a TFSA to boot. Going forward, does it make more sense to:
1)hold and hope
2)re-deploy to something with more upside potential.
Honestly, I'm surprised TRI is down this much and for this long. When I initiated the position I was expecting it to be a long-term keeper.
1)hold and hope
2)re-deploy to something with more upside potential.
Honestly, I'm surprised TRI is down this much and for this long. When I initiated the position I was expecting it to be a long-term keeper.
5i Research Answer:
TRI got hit with the 'software gets eaten by AI' scare. This was likely well overdone, and we are seeing some sector recovery these days. It remains a solid company and can benefit from AI. It has relationships with Anthropic and its data remains very valuaable. Patience will be required but we think doing nothing is the best strategy here if one owns a small position.