RE:RE:RE:RE:RE:This should help!I agree with the first part in that I have to be on board with the company and firmly believe in the company, as for the 2nd part I dont see anything wrong with holding a stock like this that has made so many decent acquisitions, those big dollar stocks you mentioned wont double anytime soon, not that this will but continued smart acquisitions and it could very well see 5-6 bucks with a good monthly payday to boot at some point. I think both types of stocks have their place in an individual portfolio. In fact this company has been far more transparent than some of those huge large caps. I think they should be commended on how well they have kept investors in the loop, it has probably saved the sp from still being 2 bucks like alot of other diversified stocks. Because of that transparency I have never once worried if my money was safe here.
BlueJay2020 wrote: I think you've highlighted the issue that retail investors have with emotion over logic. If anyone genuinely feels they can get a better return with Stock A than Stock B. then why would anyone choose Stock B? The answer is they already hold Stock B and can't bear to admit they made a mistake. One of the things I have learned is that you simply have to have conviction in the stocks you hold, not simply a hope that one day they will get back to the price you bought in at.
The reason we are not at $3 already is that most people really have little interest in buying a stock where the growth upside is limited, even if its a decent dividend. A lot of people, like me, only bought this because it was going to bounce from the $1.80s up to somewhere like $3, and then we'll be gone when it does. I can get a 7% and growing yield from a multi-billion dollar company like Enbridge (or Pembina) or 6% with Bell - why would I fool around with a small cap?
anthony3 wrote: I respect your advice but this stock is in my tfsa and yess if I I can make back the money but at the same time I’m not in any hurry to sell, things are looking slit better now but I still feel I can get better return else where, no disrespect to anyone holding this stock