OSC Investigation into 60% BBD Drop?Really very concerning that the commission has not halted BBD now or at an earlier point to answer for this collapse in value. With analyst’s recommending the company at virtually triple today’s value for most of 2018 there is something inherently wrong here and something literally stinks.. How can an equity market survive with these seemingly fatal collapses for no apparent reason? If the so-called professionals didn’t see this coming then who did?
It has been hard to call BBD a “blue chip” these last years but it still is a leading Canadian true manufacturer that actually produces something of value. What should be a proud Canadian leader has unfortunately become an embarrassment for many years now. This is truly a shame.Good luck finding new investors for BBD or the equity market in general if these price swings are allowed to happen with no recourse from the regulatory side or the company itself. BBD could halt trading anytime to confirm any untoward moves up or down, this just makes everyone more suspicious all is not right internally either.
I am rambling from frustration and losses of course but something has to be done to gain investor confidence. Mostly we need curbs on short selling and of course day trading has effected the market more negatively affecting the real value of many companies. Maybe the securities commissions need to look hard at their own members first.