RE:RE:ALA vs AQNHey Tec
How's things in Parksville these days? How's the investing going?
My wife & I very rarely sell/trim anything but ALA has managed to get into that category. So far we've had 2 main ALA trims - 1200 @ $20.18 and 450 @ $16.23. Some of this went to the kids as an early inheritance and some went to CPX.
We have plans to sell another 1050 ALA and buy another 500 CPX. I sure wish I would have done it on Friday. (actually I wish I would have done it when it was at $20.18 :-)
Aside from the mistake of previously owning oil & gas producers (and learning a big lesson), ALA has been the worst stock we've ever owned. I really don't see much hope for it. We'll probably hang on to the last 1500 shares as a bit of a hedge just in case I'm wrong.
Take her easy
Sarge
Teccing wrote:
I agree, ala is directionless, need to refocus on long term organic growth, divest of higher maintenance assets.