Post by
maldoror on Sep 26, 2017 3:18pm
Pocket Trudeau and your money
I sold my position in CLR today at a small loss. The cancellation of 25% of exclusive fishing rights was first noticed by me on the Undercurrent news website. No announcement by CLR sofar. The Federal Government expropriated without representation or compensation 25% of a license to deal it to the natives. Suffice to say that the natives have no experience in running this type of operation. The $70 million CLR ship is now diminished in capital value. By a stroke of the pen, Pocket Trudeau deals a capital loss to CLR and its shareholders. That makes CLR an unacceptable investment.In addition, it makes investing in Canadian stocks a dicier proposition.
Maldoror
Comment by
stockbull9 on Sep 26, 2017 9:56pm
Too bad you don't see the long-term opportunity. Seafood growing market especially in Asia, gotta get protein somehow I'll be buying more of this sucker Insider buying last Friday 10,000 shares
Comment by
itsalie on Sep 27, 2017 10:56am
long term might see more quotas pulled..