Q: I've held FSV for many, many years and have a nice unrealized gain. I'm looking to add to the position.
Any concern with adding at this price level? I notice the graph has shown a steady decline for the past several weeks.
Would you wait for it to settle down a bit?
Thanks,
Robert
Any concern with adding at this price level? I notice the graph has shown a steady decline for the past several weeks.
Would you wait for it to settle down a bit?
Thanks,
Robert
5i Research Answer:
FSV has had a rough couple of weeks, but it appears markets or rate related mostly, as there has been no negative company nor sector news. We would be quite comfortable chipping away on the buy side, assuming a decent timeframe of holding. With earnings out, there may not be significant catalysts in the short term, unless FSV makes an acquisition, which is always a possibility.