Q: I am up about 40% on GSY (thanks 5i). Weighting overall in the portfolio is still okay. At what point would you suggest trimming. Or in other words, where do you think it might be a year from now? Thanks.
5i Research Answer:
The quarter was a record, credit losses are declining, the dividend was raised 22% and interest rates should be dropping. These factors should keep momentum going, in our view. We think it can work its way over $200, where it has been before (and is making more money now).