RE:Free FallDGS now trading at levels similar to March when TSX was under 12,000 points and the NAV was close to $1. TSX now at 15,500 with NAV likey in the 2.90-3 range. People are getting tired of waiting and would rather buy the dip of other stocks.
The underlying companies in DGS aren't going anywhere and I don't mind waiting even years until these stocks recover to reinstate the dividend. I see it as a buying opportinity; buying at 2.50 and waiting until the dividend gets reinstated (jumping the share price to 5.50) represents a 120% gain... not sure many people who would say no to that even if it does take a few years.
I do like the moves that Brompton has undertaken within the portfolio to diversify from heavy weight in financials and energy to a broader range of the TSX. I think this will help moving forward. If these prices remain or drop further tomorrow I will likely use it to buy more.
RusticHit wrote: WOW March lows Trading Under Nav but this thing shots Up in any good green day in Market so buying down from 3.30 to 2.55 in two weeks