RE:Ditching this stock see y’all I ditched it as well, just yesterday.
The COVID19 is raging in NA, and the future looks a little grim. There are not too many shut-downs right now, but there are measures that will certainly slow down the economy. The hospitals in some Canadian provinces are overloaded to the point of getting into what is politely called triage.
The silicon chip shortage has not abated as quickly as I thought it would. So, the automotive sector has no ability to replace the cars on empty dealer lots.
During the last couple of years there was lots of free money from governments in NA and some of it was spent on vehicles. A portion of the extra car buying was attibuted to more people wanting cars so that they didn't have to take public transportation.
So, with that garbled mess outlined above, I don't see a natural way forward for the production of this company. It's a very well run, capable company and I'll jump back in when I see some of the clouds being lifted.
cleareye.