Q: Would you recommend to buy, hold, or sell GSK?
I ask on behalf of a relative I help with investing. GSK is currently 1.3% of their portfolio. I had already been thinking of recommending that they sell when the news on June 3 came out:
"Shares of GSK dropped more than 9% on Monday, after a Delaware judge allowed more than 70,000 lawsuits alleging its discontinued heartburn drug Zantac caused cancer, to go forward, in a blow for the British drugmaker."
They are at a 15% loss with their GSK holding (less if you consider dividends), but luckily it is a small part of the portfolio.
I am leaning toward a 'sell recommendation' but am open to counter arguments.
Thanks so much!
I ask on behalf of a relative I help with investing. GSK is currently 1.3% of their portfolio. I had already been thinking of recommending that they sell when the news on June 3 came out:
"Shares of GSK dropped more than 9% on Monday, after a Delaware judge allowed more than 70,000 lawsuits alleging its discontinued heartburn drug Zantac caused cancer, to go forward, in a blow for the British drugmaker."
They are at a 15% loss with their GSK holding (less if you consider dividends), but luckily it is a small part of the portfolio.
I am leaning toward a 'sell recommendation' but am open to counter arguments.
Thanks so much!