RE:RE:RE:RE:RE:Mark Thompson buys 23,400 shares ($1 million+) of stockVery helpful. Thanks Deleuze.
This looks to be both promising and comforting. If retail and institutional investors see Thompson throwing $1 Million at the company, I wonder if others will follow suit. I would have loved to have taken a position at the bottom, but it was hard to see where that would be. With the dead-bounce rebound from $25, I think an entry into this play between the $25-45 is decent. For those in at $30, you're already up 50%. Even if you are in towards the 40s, I think this stock has the potential to climb steadily towards the $50-60 range. That's still a solid return. Hold it long, average up and if it breaks $100 again, you'll have quite a handsome return. I think the beatdown was unwarrented and I'm hoping that many investors will realize that. I see a solid company at a bargain price right now. Thoughts?
Given that the Canadian markets have been in rough shape for the last several months, I think CXR has the potential to be one of the few large-cap darlings. Let's all cross our fingers.
GLTYA