Retired ShareholderI gave it a lot of thought , but decided not to sell at 35 Dollars . The following are some of my reasons :
1) Alan , The CEO has a very large share position in the company
2) Fairfax has an even larger position . I'm thinking between the two , that they control 40% PLUS of the outstanding shares
3) THe balance sheet is Pristine with minimal debt and a Billion dollars PLUS of cash
4) THe company will participate in electric vehicle manufacturing and Infrastructure building ( Bridges , roads etc )
When interest rates stabilize in the future , I expect sales and profits to increase , especially on a per share basis
I wouldn't be surprised if another major announcement comes out soon . I also own Algoma Steel . I like them both a LOT !
Just one retired salesman's opinion ! ( Also a long ago Trader for a Stock Broker on the Toronto Stock Exchange )