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Propel Holdings Inc. (PRL $21.32)
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Lumine Group Inc. (LMN $20.14)
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Keel Infrastructure Corp. (KEEL $6.19)
Q: Hello Peter & Team,
I would like to add some additional funds to my Canadian growth portfolio for a 2–3 year time frame.
Currently, I am holding LMN (22%), PRL (43%), and KEEL (33%). At the moment, I am down approximately 43% on LMN and 10% on PRL.
Could you please advise if it makes sense to add more to these positions at current prices, or if you would recommend any undervalued Canadian growth stocks for the next 2–3 years?
I would appreciate your guidance.
I would like to add some additional funds to my Canadian growth portfolio for a 2–3 year time frame.
Currently, I am holding LMN (22%), PRL (43%), and KEEL (33%). At the moment, I am down approximately 43% on LMN and 10% on PRL.
Could you please advise if it makes sense to add more to these positions at current prices, or if you would recommend any undervalued Canadian growth stocks for the next 2–3 years?
I would appreciate your guidance.
5i Research Answer:
While we think LMN and PRL have potential from current levels, we are reluctant to average down and thus would be fine not doing that right now. KEEL we think is riskier but there is potential but again we would not add (see our recent comments). For growth stocks, we often will be willing to pay a premium rather than buy something 'undervalued'. It may be cheap for a reason. We think PNG looks good now. Also VNP and FTG if one wants a small cap company. BN and CLS and SHOP still look good for large caps.