Should I sell LB.TO in TFSA

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Hi guys, I am sitting on a loss of approx $900 In my TFSA with LB.TO and I don’t see much chance of a recovery in the near future. I’m considering taking the loss and perhaps redeploying into ATD-B.TO considering the recent developments Any insights?

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Asked on January 14, 2021 4:09 pm
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I think part of the answer is found in the video you posted recently about bank stocks (incidentally, I really appreciated you giving a little more back story to LB's issues. Thank you!)

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Posted by Al Haggart
Answered on January 15, 2021 11:34 am
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Hey there.

Obviously, if we strip out all aspects of portfolio makeup and instead focus solely on the stocks, in my opinion your line of thinking isn’t that out of line.

My long term outlook on Couche-Tard is much more optimistic than Laurentian Bank.

The reason I state stripping out all aspects of the portfolio makeup though is because I obviously don’t know how your portfolio is structured, and if a Couche-Tard investment would be appropriate.

Of note, both Mat and I recently took positions in ATD.B after this sell off.

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Posted by Dan Kent
Answered on January 14, 2021 6:28 pm
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