Largo Inc T.LGO

Tax-loss selling season

[kha341]

 

With a staggering drop of ~50% year-to-date LGO is a prime candidate for investors looking to decrease their tax bill by creating a loss that can be used to offset capital gains in other areas.

kha341-11/24/2022 wrote:  

Out of the last 7 Qs Largo underperformed the consensus 6 times. That speaks volumes about the uncertainty  in the eyes of investors with regard to management capability to execute the company’s vision / plan. And imho, market uncertainty is the main reason why the sp is where it is right now, deep in the bargain basement. Furthermore as the tax loss season is approaching I don’t expect any fast recovery any time soon. Although a return back to around C$10 by late Q1-23 is possible.

[ThaYoda]

Might be too late to tax loss harvest if you want exposure here though. January effect could send price skyrocketing towards intrinsic. 

[SKiamforsure]

Only Time will tell :) Only Time will tell  Skiam