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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have several beat up stocks that are now small holdings so looking to clean up the mess a bit and reduce my holdings to a more reasonable number. These are all in my unregistered accounts so will generate a tax loss although that wont do me much good this year with no likely gains to harvest.... So my general plan was to sell some and consolidate in other holdings I already have: ( use as many credits as required)

Sell HSE ( 1/4 position ) and add to my 1/2 SU . I get the tax loss to carry forward and move from HSE that is mostly heavy oil to SU with less downside.

Sell CHW ( 1/4 position) and add to my 1/2 SJ. These 2 don't really match up well like HSE and SU but the CHW is such a small position, unlikely to move until late in the recovery and with the div suspended I think I am going to take my lumps on it. I am a bit lite on SJ anyways.

Sell my MX ( 1/2 position) and add to my MAL ( 1/2 position). Once again not good matches but these 2 are small position in the same account. MAL hasn't done much in terms of stock movement but has generated a good yield over the many years I have owned it. I am not feeling the love in the energy sector for the next few years and I have a felling that the good old days in oil and gas might be at an end with the cost of solar improving and the steady growth in electrifying transportation....

And last sell 1/2 position of AD and buy ALA ( 1/2 position). Once again not a great fit in terms of sector but yields are comparable and ALA is essentially a utility ( and not a oil and gas) so should be a somewhat stable yield.

I wish I had a few big winner I wanted to sell to harvest the tax losses now but will just need to put them in my pocket for the big recovery in a hopefully not to distant future... These moves reduce my small holdings, Get rid of some holding you don't have in your portfolios, de-risk my portfolio somewhat and finally move that money into companies a bit better placed to maintain their dividends during covid/post covid
Read Answer Asked by Tom on July 22, 2020
Q: Hi,
MAL just announced a share repurchase program. Given the present environment, especially the end customers for most of their products are airlines, is this wise move? Do they have the balance sheet strength for this?
I know the share price has taken a beating this year but seems odd timing for this.
What would be your current rating for the stock (Sell, Hold, Buy)?
Thanks,
Dan
Read Answer Asked by Daniel on May 25, 2020
Q: Time to invest some dividends sitting around in cash. I want to top up one of these 3 holdings. Which is the best opportunity to add right now. These are my 3 smallest holdings ( PZA and MX due to drops, MAL bought a small position that has done well) so want to top one of them up.
Read Answer Asked by Tom on November 05, 2019
Q: Hello! Magellan Aerospace has popped up on one of my value screens. As far as key value ratios go (P/E, P/B, P/S, D/E etc.) it looks promising. Profitability and Management Effectiveness ratios vis-a-vis its competitive set look decent, as does the positive analyst coverage. Insider buying in past year is negligible, however. I'd appreciate hearing your take.
Read Answer Asked by Marc on January 28, 2019
Q: Buying a new car and need to sell one of the following for the cash. Please list in order you would sell based on outlook for each in the next 12 month with brief explanation for each ranking. Also dumps a stock not in your balanced equity portfolio.

Read Answer Asked by Tom on December 11, 2017
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