Keep your head when all about you are losing theirs..Over the past month, Torstar's share price has declined to $1.40 from $1.90. Keep in mind that over this period, volume has averaged 40,000 shared per day, for an average dollar value of, ready for this, $66,000 per day.
Hey guys, Torstar is a "thinly traded stock" that by definition has significant price volatile ... and always will.
Any shareholder like you and me could have woken up any day over the past month and said, I am selling my 300 shares because .... of all the reasons that have already been noted on this bullboard.
But take a look at Torstar's trade history. Most selling was in small 100-300 round lots, not larger institutional size blocks. Small retail investors are generally not as sophisticated as larger institutional investors and often are motivated by "gut feel" as opposed to hard fundamentals.
So, the stock is down $.50 over the past month! Disappointing, but with all major Canadian Banks forecasting a price of about $1.80 in one year's time, I believe it would be wise to be patient or a better BUYER at these levels, than a seller. I do not always agree with Bank forecasts, but I am sure you will agree that Banks do more fundamental company research than most of us, so their views are at least worth considering.
As Rudyard Kipling wrote once, "keep your head when all about you are losing theirs". I believe this is good advice at this time.
Grey Beard