Q: Finally some good news about Tricon! TCN has been a real laggard in our margin account, and even with the recent substantial gain, it’s still down 18.6%. However, this is certainly not nearly as bad as it was several days ago! I can trade TCN for zero commission and of course, the loss will be reported in our 2024 tax return. Would your suggestion to sell half now still apply in this case?
Thanks.
Thanks.
5i Research Answer:
We would still be fine selling half. There is only 1.67% left on the deal, and considering some deal risk and the timeframe to completion, and a market rally currently underway, we think investors can do better than this elsewhere.