TSX:CUS.DB.D - Post by User
Comment by
amugsgameon May 09, 2014 11:04am
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Post# 22543713
RE:RE:Analyst Downgrades - Canexus
RE:RE:Analyst Downgrades - CanexusCUS is fotunate to be traded on the TSX rather than a US exchange. A quarterly report like this one along with the dividend cut probably would have had the stock down 30 / 40% in the fickle markets south of the border. Downgrades along with the inevitable further dividend cuts don't bode well for any quick turn around plus the only people who are in the money from holding this stock over the past 1 1/2 years are those who bought yesterday. My position in CUS is small and I have a stop loss in just under $4.50...if it gets hit I'll wait for the chart to show signs of life before heading back in.