-
IGM Financial Inc. (IGM)
-
Parkland Corporation (PKI)
-
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Q: Hello Peter,
Yesterday the markets were cautious, today they seem exuberant. The stocks that I want your opinion on, have snapped back from the Friday of the referendum and near their high. Trading is thin that adds to the volatility too.
My portfolio adjustments involve exiting a position in IGM and buying KXS, SH NFI and PKI. Would you buy now or is there a probability of a better opportunity when the market adjusts to the snapback? Is there any of the ones mentioned above where you would be cautious of initiating a new position at today’s prices? And if now is as good a time as any which ones would you start with and which would you wait for a better entry point? I have not been very convincing to myself about replacing IGM with PKI and trusting your professional expertise. Could you tell me why PKI is better? As always, appreciate your viewpoint.
Regards.
Yesterday the markets were cautious, today they seem exuberant. The stocks that I want your opinion on, have snapped back from the Friday of the referendum and near their high. Trading is thin that adds to the volatility too.
My portfolio adjustments involve exiting a position in IGM and buying KXS, SH NFI and PKI. Would you buy now or is there a probability of a better opportunity when the market adjusts to the snapback? Is there any of the ones mentioned above where you would be cautious of initiating a new position at today’s prices? And if now is as good a time as any which ones would you start with and which would you wait for a better entry point? I have not been very convincing to myself about replacing IGM with PKI and trusting your professional expertise. Could you tell me why PKI is better? As always, appreciate your viewpoint.
Regards.