Q: I am considering selling Magna for the tax loss. Would you suggest buying it back in 30 days, or would you suggest an alternative in the consumer space. I already have a full position in ATD.
5i Research Answer:
We think MG is OK, mainly due to its low valuation and potential for recovery. We think buyers could likely proceed slowly, however. We doubt it is going to 'spike' in price. DOL or ATZ will likely show faster growth. Note ATZ will be more volatile and is much smaller than any of the others listed here.