Q: Hi, I own a bit of Lumine at a fantastic average cost. It obviously has had a run and is settling down in 2024. I have some extra cash now because of a fresh TFSA year. Would you be a buyer of LMN right now on the pullback? This would make my ACB jump quite a bit, so curious. Would you wait a bit to let is drop a few bucks more? Thanks for your great work.
5i Research Answer:
Rather than looking at the cost base, or even the current price, we would base such a decision on one's desired target weighting size. We would be comfortable buying it today. It has pulled back a little bit, but CSU hit an all time high today and tech is running nicely again after a hiccup last week.