TSX:SRU.UN - Post by User
Comment by
thecatherderon Jul 25, 2007 8:32pm
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Post# 13151566
RE: Ownership Summary FYI
RE: Ownership Summary FYII've been in many stocks in which the Fidelity Funds acquire ten percent or so then get out entirely on big runups. The fact they didn't sell all at least yet is neither here nor there. This is the double edged sword of getting a large mutual group, particularly Fidelity, as shareholders. In the early stages small companies pray for a Fidelity then later they watch them sell when they achieve a double or more. This is Fidelity and means nothing for the long term stock price of SRU. They book profits on doubles or more and are NOT long term strategic shareholders (maybe they're right maybe not on SRU but I bought more SRU in the low 1.30's US$ as I have a multiyear time horizon). I've been served well on NG, NAK, GMO, BWR, and others but, hey, nothing wrong with an investor who books profits as I'll do down the road.