Q: Bird,electric scotter filed for bankruptcy today. DOO closed at $92.91 + 4.70 today,52 week H $122.41 in late July and low $77.42 shortly after Q on Nov 29. Tail end of Tax loss selling. 1) When is the last day of Tax Loss Selling? 2)Is it timely to buy Doo, and what is a good entry price. ? Txs for U usual great services & views. Merry X'mas and All the Best for the New Year
5i Research Answer:
Last day for selling for 2023 settlement is Dec 27. We are comfortable with DOO, but it may be quiet after its recent forecast. We would be fine owning it but would not see a compelling reason to add to a position right now.