Looks Like Jason Donville Bailed On CXR
Jason Donvilles latest ROE Newsletter does not mention CXR at all (www.donvillekent.com).........I believe last time he was on BNN, they put up a graphic of the top 5 holdings in his fund. I think they were CSU, CXR, OTC, GIB.A, and CRH. He mentions the other four, along with other stocks he likes, but not a word about CXR. What is interesting is his claim that what pundits miss when examining growth by acquisition companies is that these companies can falter if they pay too much for assets or they use too much leverage. Funny for him to say this as it appears CXR (which he had been a big fan of up until early in 2016) falls into this category. They likely did pay too much for AMCo. last fall and they appear to have used too much leverage in doing so. The question is: Why did Jason invest in this name and hold it for so long after the AMCo. deal if it failed his tests?...........It would be nice if Jason appeared on BNN Market Call and provided his viewers/fans with an explanation on whether he still holds CXR and his view of the company going forward.