Q: Would you be comfortable selling ATD for a small profit and buying a full position in URI now, URI is down 14 % percent over the past month. I would then buy back ATD over time.
Or would you average into URI over time? I think the bottom may be in, as the stock has started going up again.
Or would you average into URI over time? I think the bottom may be in, as the stock has started going up again.
5i Research Answer:
We continue to like URI; its weakness is largely related to a peer's weak numbers, but it has a different geographic focus. We think a half position and then fill over time would be the best approach to the stock. We would be OK selling some ATD for diversification but would not consider it a 'sell' in the typical sense.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in URI.