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Open Text Corporation (OTEX)
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B2Gold Corp. (BTO)
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Roku Inc. (ROKU)
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Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
Q: Have these stocks, which are all down, in a TFSA. Are they worth holding for the next 6-12 months or would you sell and move on?
5i Research Answer:
We think ROKU, BTO and OTEX have decent prospects for a recovery, ROKU has a great business model in the streaming industry, the company could be a target to be acquired; OTEX is in the process of integrating a large acquisition, while BTO is in the investment cycle which could accelerate revenue growth over the next few years. We think some patience is going to be required though, and we do not think they are 'must own' stocks if an investor has a short timeframe. We would be fine selling LSPD.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ROKU.