Q: I am thinking of selling my WELL stock for Tax Loss and repurchase after the 30 days. I don't know of a good proxy for WELL so just wondering if you believe this health stock with flat line for a while?
5i Research Answer:
QIPT is much smaller but could be used as a proxy. WELL could move on an acquisition, but we would not really expect a catalyst in the short term (earnings not until mid May) and we would be OK with a tax-loss crystalization strategy.