Q: I have TOU shares have done well. Should I also buy TPZ with annouced inv' t today TOU selling shares. Stay the course? Tks 5i
5i Research Answer:
We think TPZ is a solid company overall, and it has done well. TOU, after the deal, will still own 28% of TPZ so will have exposure. We would be fine buying this deal, but with TOU exposure already we would not see it as totally necessary.