Stocks removed from bull list

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Hey guys, was just reading your last email on stocks removed from bull list. In the email you mention you do not suggest selling the stocks that are removed from the bull list. If you see more upside from a current bull list stock why would you not sell to put your money into something that can grow further? For example if you currently held money in WSP why is it not a good idea to take that money and put it into ARE as you mention it’s a better growth play? Thanks

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Asked on November 6, 2020 8:59 pm
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Private answer

It all really depends on your own situation. This one is kind of unique in the fact we do have 2 construction plays, we don't typically have 2 companies in the exact same industry.

This statement is primarily stated because we don't want people thinking when we remove a stock, we're suggesting shareholders dump the company. Because that isn't the case.

In fact, we have such a long term view on the companies we highlight here at Premium that we track their overall returns indefinitely, regardless if we've removed them from the list. That means companies we recommended in 2018 are still being tracked against our overall returns vs the TSX, and will continue to do so indefinitely.

Now, as for your suggestion on swapping. We feel there is more growth and value in Aecon right now yes. But, it's important to keep in mind that this is a small cap construction company vs a global enterprise. $10 billion in market cap of WSP vs $880 million in Aecon.

Risk is always something to consider when going for higher returns.

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Posted by Dan Kent
Answered on November 7, 2020 8:10 am
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