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The taking a loss lottery

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    The taking a loss lottery

    Hi MM I need to take a loss and unfortunately have a number of holdings to choose from! Generally speaking, focusing on the quality of the business and future prospects which of the following would be on the chopping block for selling AD8, WTC , COH ,TPG or MIN? Thanks

    Answer

    Hi Anne,

    We provide general rather than personal advice at MM, hence we have provided a snapshot view on this list of stocks:

    • Wisetech (WTC) – Quality business that’s a speculative buy due to uncertainties around Richard White – it’s on MM’s radar at current levels.
    • Mineral Resources (MIN) – Commodities reliant business that’s a speculative buy due to higher than comfortable debt levels – MM just averaged our position.
    • Cochlear (COH) – Previous market darling but with some risks going forward – MM is neutral with it trading under $260.
    • TPG Telecom (TPG) – TPG’s result on Friday was mixed on the surface but ultimately well received, MM is neutral around $4.60.
    • Audinate (AD8) -Audio visual business AD8 delivered a better result this week but it struggled into strength above $10, ultimately retracing well above 15% from its high, we remain neutral at best.
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    Cochlear Ltd (COH)
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