Q: I am considering selling CSU and dividing the proceeds 75% to LMN and 25% TOI as I already have a partial position in TOI. Your opinion please.
With appreciation,
Ed
With appreciation,
Ed
5i Research Answer:
CSU does already have interests in TOI and LMN, so owning CSU already gets exposure to the subsidiaries. CSU has outperformed TOI this year, but LMN has outperformed both. As much as we like the subsidiaries, we would prefer to keep shares in the parent company CSU, being much larger, rather than switching. But we do think all three can be owned as an alternative.