Q: As EMA moves up I am wondering if I should book profits and look to an alternate choice in the sector. I had the same thought on my CPX shares when they were in the mid $60s and failed to act leaving me down significantly on those now. I would hate to repeat the error. Should I be more confident in the staying power of EMA is, I guess, the crux of the question.
5i Research Answer:
We would be reluctant to exit a stock hitting new highs in this market, especially one with a high, secure dividend. One could always 'trim' and add a name such as BEPC, H or CPX for diversification but we would not see it as a SELL outright. We might not expect the same sort of gains, especially in a weak market, but it will likely raise its dividend again this year, and lower interest rates could give it a boost as well (this of course would apply to others in the sector, though). Very good growth is expected in 2025, with more muted growth in 2026.