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what should I do with these stocks?

pokergod

Member
Apr 15, 2007
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My father passed away and I inherited some stocks. My father didn't sell them before he passed away because he knew there was too much loss. The stocks are comdev (cdv) $2.02 per share, and palidan energy (pdn) $1.87 per share. The original value was about 25Gs and now only worth 6,500. He didn't need the cash and I don't really need it. Should I just hold it and hope they go up and just cash out since they have lost so much. I don't know much about stocks so any advice would be great. Thanks
 

oil&gas

Well-known member
Apr 16, 2002
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Ghawar
Do you know how the purchase prices of those stocks are
readjusted as required? If they are the same as the prices
your dad paid that means you've already 'inherited' his
capital loss. In such case either selling the stocks to take
advantage of the tax benefits of the capital loss incurred or
holding on to the stocks until they appreciate to your dads
purchase price should be fine. Of course you have to do your
research into the individual stocks to decide if they stand any
chance of significant short term price gain/loss.
 

39ajaxmale

New member
Jan 13, 2012
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You can't inherit a capital loss or gain. The stocks were deemed to be disposed of the day before pokergod's father died.

There's a few things you can do with them. You can directly transfer them into a TFSA or RRSP - which would be a wise thing in the event you have cap space in either. That way any future gains would be tax sheltered.

A little knowledge about the companies:

Com Dev International is a supplier for equipment to spacecraft. Since NASA's grounded.. I'd say dump em. They took a beating (with just about everything else) in 2008, and again in 2010 when the NASA program basically stopped being funded. Analysts tend to avoid comment on it.. never a good sign.

Paladin Energy is a uranium miner based out of Australia. It's had big ups and downs over the last few years. It's price peaked over $9 a share back in 2007, and has been slowly descending ever since. About the only upside is if they get bought out, which might happen. They bottomed out at just over a dollar back in August 2011, so you could say they've rallied since then. Analysts tend to say 'strong buy', 'buy' or 'hold' on it.

I might be tempted to hold paladin, but I'd dump Com Dev. As for what I'd buy.. with your admission of very little investment knowledge, something dividend-paying. Tim Hortons, banks, something like that.
 

richaceg

Well-known member
Feb 11, 2009
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^^^ i'd dispose comdev but keep paladin for a while. paladin will not regain their previous highs but will eventually get to about $3-$4. sell 'em when they get $2.50 there are much better uranium stocks out there. stocks is never a good thing if you can't affor to risk.
 

pokergod

Member
Apr 15, 2007
614
0
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Original purchase price for comdev 6.33 and paladin energy 7.61. Purchased about 5 years ago.
 

FatOne

Banned
Nov 20, 2006
3,474
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Look up sunk cost. Then sell the lot and use the money to buy what you think is best.
 
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