RE:RE:RE:canada economyHi RatMan, I am back only temporarily, this forum has been invaded by army of ignorants – among them Fred seems to be the most prominent - and thus the commentary is much below a respectable level. I am almost out of Corus stock, just holding a small position acquired lately at $2.35, so I am barely in the money.
If I may suggest, take a look at RKT (Rocket Companies). They went IPO on Wed at $18 and because I heard about it earlier and had some time to analyze, I went really deep into it on the IPO day and am looking now at 35% profit, It still should be a but at around $25; the valuation indicates $36 per share and as such is undervalued.
Conversely, stay away from Nikola! Wait until mid December because there is a real possibility that the market will be flooded with shares that can't be sold yet but will be in Dec. Nikola (NKLA) is in many aspects following the Tesla path, gross promises and little delivery, but there is a real potential and thus, while the downward risk is about 90% the upside potential is around 200% and more.
Kind of a speculative investment but not much different in this respect than the Corus is now.
Total failure of the management and truly to Canadian politeness, Doug, the CEO is still in the office!!! There are of course some circumstances beyond his control, but he did nothing to mitigate adverse developments when he had a time for it. Maybe I am too harsh in Doug assessment, after all he bought back hundreds of thousand of shares at $6 and more per share, apparently following the advice of our friend on this forum, BlueShoeManHorse.
Stay healthy and let me know when U are in the GTA area, the beer and girls will be on me .