Q: I own all three of these companies and I am doing quite well with all three. I am up 20% on BIR, 10% on PEY and way up on TOU as I bought it in the $5.00 range back in the depths of the oil and gas collapse. TOU represents 6% of my portfolio while PEY and BIR are about 1% each. I LOVE my dividends…….do I continue to hold all three or consolidate into TOU? After TOU’s takeover of CR, is one or both of BIR and PEY next?
5i Research Answer:
We cannot personalize answers nor comment on position sizes. We think all three are fine to hold. BIR has been up for sale in the past and could be a target. PEY perhaps less so, but the stock remains very cheap so one never knows.