Come on guysCome on guys, I think I understand new business trends. I actually was one of the first Canadian to really work e-commerce in a big way online in the early days. But CJR is not a newspaper. They are a profitable and seem to have great assets. Since when crazy high dividents are all that bad??? Are you better off with Netflix with zero div and PE at 206 ? Fxxx! I understand shorting. But guess what? Shorting is not like selling. They need to cover their position and all we need is a little upwards momentom. They will likely panic (as they should) because we have lots of room to go back to $12 easy!!! Things that drop in a panic (for no real fondamentals) typically recover at almost the same pattern.
Insiders are likely buying. Shaw is likely sitting back collecting the div and smiling. I won't be suprise if they come back to pick up more stock. Give me a break. Even if cable is on it's way out (which is not likely the full story), at 8 PE and ssets we are still under value. Not to mention there's a board whos likely thinking of the next big move. I have a big possition here. I bought today. I will likely keep buying and I see us going to around $10.5 or higher quickly. I mean now before the summer!
I think only an idiot will short that stock now!