Q: Down 15% on EIF in a cash account. Trying to decide if I should sell for a tax loss and rebuy in the new year...or if the stock will rally in the run up to Christmas. Your thoughts please on whether I should sell/rebuy and - if so - what you would use as a proxy. Thank you.
5i Research Answer:
We can't make short term predictions with any degree of accuracy, but EIF rose 8% with the November rally (plus a 21c dividend). It also just raised its dividend 4.8%. Much of course will depend here, and it will follow the market, but it is not typically the type of stock that 'spikes' higher. We would be OK with a tax loss/rebuy strategy with AD.UN as a short term proxy.