TSX:VSN.DB.B - Post by User
Comment by
Beckysbosson Oct 31, 2016 11:16am
193 Views
Post# 25405632
RE:What's with the sell-off?????
RE:What's with the sell-off?????
Couple of issues that could be behind the sell off, energy stocks have taken a hit lately, we saw VSN follow oil around oddly enough last spring. This despite their earnings having much more stability than energy stocks in general, in fact very little of their revenue is commodity senstive. The second is that most mutual funds have Oct 31st yr fiscal yr ends in the U.S., they tend to sell big winners and big losers during this period up to that point to balance gains/losses. They need to do year end distributions by Dec 31st and this allows them time to straighten up their books getting ready for that. Would not surprise me that this will turn around as we get closer to winter and oil makes a turn.