Q: TSU is at a 52-week low. Is this a:
(A) Excellent buying opportunity;
(B) Modest buying opportunity;
(C) meh
I have no insurance position currently. I am familiar that 5i prefers Sun Life vs. Manulife. Where would TSU plug into the equation for an investor with a growth-oriented portfolio and with a long runway ahead?
Thanks,
Ian.
(A) Excellent buying opportunity;
(B) Modest buying opportunity;
(C) meh
I have no insurance position currently. I am familiar that 5i prefers Sun Life vs. Manulife. Where would TSU plug into the equation for an investor with a growth-oriented portfolio and with a long runway ahead?
Thanks,
Ian.
5i Research Answer:
We like the fundamentals, and management, but its negative momentum and relative weakness to the broader insurance industry makes us thing it may be better to look for near-term, intermediate term setups elsewhere. So a meh today.