Q: Good afternoon all;
I currently own LMN and KXS in equal sized positions in TFSA's. I consider these my higher growth oriented emerging technology investments. I've held LMN since $30 and traded in and out of KXS between $100 and $200 since 2019.
My question is whether future investment gains would be better served trading out of KXS (which has performed historically but become frustrating and seems a laggard recently) and into Topicus (which seems a bit opaque).
Thanks as always,
Dave
I currently own LMN and KXS in equal sized positions in TFSA's. I consider these my higher growth oriented emerging technology investments. I've held LMN since $30 and traded in and out of KXS between $100 and $200 since 2019.
My question is whether future investment gains would be better served trading out of KXS (which has performed historically but become frustrating and seems a laggard recently) and into Topicus (which seems a bit opaque).
Thanks as always,
Dave
5i Research Answer:
A tough call, but we would prefer TOI as a buy and hold stock over KXS. Certainly TOI is opaque but that is its style. It doesn't pay for promotion or try to convince analysts to rate it highly. Its proof is its numbers. KXS is likely a better takeover target, but TOI likely will prove the better performer, long term, in our view.