TSX:RON.PR.B - Post by User
Post by
blueboyon Jan 17, 2013 8:45pm
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Post# 20854241
Nice 5% gain for RONA today...
Nice 5% gain for RONA today... they still have a long way to go to get back to the $14 level where RON was when they screwed up the Lowe's offer, but this gain today is a good start. Even if Lowe's doesn't bid for Rona again, I think that someone else will swoop in (in the next couple of months) to pick up Rona.
Let's see what happens. For now, RON is well above the 40-day moving average, so I am comfortable owning it.
BB