Bruce Campbell Sold His RPL Shares Happend to catch BNN's Market Call Tonight yesterday (Friday). Bruce Campbell was the guest. I like Bruce - seems to me to be a pleasant guy who tries to provide as much info as he can on the stocks on which he is asked to comment. A caller asked for Bruce's opinion on RPL and Bruce manned up and took the call. Bruce must have taken a real beating on RPL. According to stockchase.com, RPL was a top pick of Bruce's on March 10, 2011 at $4.05, on May 10, 2011 at $3.75, and again on Dec 7, 2011 at $2.80, when it was a growth company paying no dividend. He had "buy", "wait", and "stick with it" recommendations along the way prior to the December 2012 conversion of RPL from a growth company into a dividend-paying company with the Penn West assets acquisition. On January 30, 2013, Bruce recommended people "Hold" RPL at $2.42 as he believed the RPL the story holds up pretty well with the new yield approach. On March 26, 2013, Bruce made a "Buy" recommendation on RPL at $1.64 stating even though he was concerned about their elevated debt levels, it was quite cheap based on the models he uses and was oversold. Yesterday (less than two months after he had a "Buy" recommendation on it), he announced he since sold his stake in RPL. My take on this chain of events: I don't blame financial advisors like like Bruce Campbell for their stock recommendations - people should do their own research and analysis before deciding to buy any stock. I don't blame him for recommending RPL when it was a growth stock provided he owned it for his clients (not sure if he had any of his own money in it, but that sure helps with the credibility of their recommendations....). I don't blame him for the fall of the stock price. I don't blame him for his decision to hold on to the stock (and even recommend buying it as late as March 26, 2013 when it was trading at $1.64). What I don't like is when Market Call Tonight guests recommend a stock to viewers on one show as a "Buy", then less than two months later, inform viewers that they sold their position in it as it now languishes at a price ($1.23) that is considerably lower than it was last recommended. What changed so dramatically since March 26 that this stock went from a "Buy" to "I sold my shares"? How can you be so confient in a stock as to recommend it as a "Buy" (not a hold, wait and see, some conern, may sell it if it drops further, or some other recommendation), then dump it shortly after. I assume it's some additional information that Bruce received in the interim that persuaded him to sell, but it really hurts one's credibility when Market Call guests do this. I don't mean to pick on Bruce - he is not the only one on MC and MCT to do this - and again I like the guy. Just wish he would have sounded a more cautionary note on March 26 instead of doing a 180 degree about-face less than two months later......RPL's annual finanical statements were released on March 21 - five days before Bruce made his March 26 appearance on Market Call Tonght - so the info on the debt problems were already known when Bruce made his Buy recommendation.