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  5. BN: Hi team; Any reason for the weakness in Canadian names today ? [Brookfield Corporation Class A Limited Voting Shares]
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Q: Hi team;
Any reason for the weakness in Canadian names today ? Namely the mentioned names for example, especially Gsy? Gsy down 10% in 2 days seems a bit drastic. Is there concern here or a bit the dip opportunity?

Thanks ,
Shane
Asked by Shane on October 22, 2024
5i Research Answer:

We have comments posted now on GSY; BN has dropped for two days, but it has had a very solid recent run and is up 42% YTD. We would not see concern here. HPS.A is an inherently volatile stock but there has been no recent material news. It may be weak because of some Indian exposure. There has been no news on PRL for about two weeks. It is up 148% YTD and profit-taking could be one reason for weakness, or it could simply be dropping in sympathy to GSY. 

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