Q: DOO is down 18% in my portfolio. I expect(ed?) to hold it for 6-8 years. I am considering increasing position size (portfolio decision). How does 5i view such a move?
Thank you
Thank you
5i Research Answer:
We like DOO, we think DOO is a well-managed consumer discretionary company with a healthy track record of organic growth and aggressive share buybacks over the years. We think DOO could provide investors with solid exposure to the recovery of consumer spending over the next few years. That said, Portfolio allocation is a personal decision, and we would size DOO conservatively. But we would be comfortable owning/buying today for a longer term timeframe. It should do better as rates fall.