Q: Hi Team,
Where do you see ATD going from here? I'm down 6.5% and wondering if I should sell and claim the tax loss. Would you re-buy in 30 days? If not, what would be your top 5 picks USD or CDN in the same sector?
Thanks
Where do you see ATD going from here? I'm down 6.5% and wondering if I should sell and claim the tax loss. Would you re-buy in 30 days? If not, what would be your top 5 picks USD or CDN in the same sector?
Thanks
5i Research Answer:
ATD's short term is going to be dictated by its M&A activity, and whether it can secure 7-11. If a deal at a good price can be reached, we think the stock could recover quickly and do well. Because of this, and potential news within 30 days, we think the best course of action is to hold for now, and consider a tax loss sale 'later'.