RE:Painful
Captain71 wrote: Another great performance by Sangoma again today, down twice as much as the market. I believe a few of you folks were commenting on this being the kind of quality company you want to own durning a downturn. I'm struggling to see that.
I was kind of kidding when I mentioned being 25% below my $10.60 target (factoring in earnings of course), but that is looking like a real possibility here.
GLTA (we are going to need it with this one)
Sangoma is a higher beta stock which typically rises or falls with more severity than the market you are comparing it to. Higher beta stocks are viewed as being "riskier" but that the potential returns may also be greater. On the flip side, during a bear market, higher beta stocks will likely drop much further than the overall market.