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Salesforce Inc. (CRM)
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goeasy Ltd. (GSY)
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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
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Vertiv Holdings LLC Class A (VRT)
Q: I’m down on the above stocks in my cash account. Total loss is $6000 CAD. I like the names and want to own these long term. Would you sell and wait the 30 days? Buy proxies? Keep and decide when the madness ends? As always. Thanks.
5i Research Answer:
Given how influx the market currently is, and how rapid the market decline was, we feel that a rebound in prices is not off the table, and this could happen quickly.
We like all of the names listed, and we would prefer to hold on during these turbulent times. While the market has seen a quick 10% correction, we prefer holding on to high-quality names during corrections.
HPS.A has its earnings release coming up this week, and we would prefer to hold until further clarity from its report, and then we will reassess at that point.