GREY:FFLWF - Post by User
Post by
ThoughtsOnThison May 29, 2023 10:32am
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Post# 35468641
The FAF ACT Lesson
The FAF ACT LessonI invested in FAF having convinced myself that ACT was the strong balance sheet partner that would ensure the sucess of FAF. On March 20th I sold my remaining shares at $1.01 and took what turned out to be a total loss of $25k. I cannot be alone. Many FAF holders (like all) must have been burned severely.
I had suggested in some of my (historical) posts that my postion on ACT had changed and that ACT may actually drive FAF to insolvency. Here it is.
Money in QSR June 1, 2022 is $60 to $100 + Dividends
Money in FAF June 1, 2002 is $3.25 to $0.50 and possibly $0
FAF is/was the last time I invested in anything that is not "Canadian Blue-Chip" and dividend paying. Buy the banks, buy the coffee, and let it ride...