Q: Hi there. A question regarding Go Easy GSY. We have been fortunate to be in a profit position above 30% in this company. With 6 recent revisions to the downside and a 6 month performance of -1.7 versus the 10.51% in SPTSX would you hold into earnings considering this could be quite a volatile week? or take some profit? We hold a sizable amount in our TFSA so capital gains is a non-issue. Thanks!
5i Research Answer:
We do not like making portfolio decisions around a single earnings event. That being said, we always suggest managing position sizes. The stock had some broker upgrades at the end of October, and there has not been any recent news other than what's been already covered. At 10X earnings, considering the company's strong history, we would be fine holding into earnings. Its average move on results is +/- 5%.