RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:If..Rogg47 wrote: Torontojay wrote: It's been a tough year for small/micro cap stocks that it has very little to do with Ackroo and a lot to do with negative sentiment overall. Let's remember that last year companies with even no revenues were rewarded with fantastic stock price returns on total speculation and irrational market behaviour. This year the opposite has happened. Large caps have become the asset class to own due to people allocating their investment preference to more stable "blue chip" companies. Right now we are in the early innings of a market recovery and we still have a long way to go.
Also let's not ignore the fact that this pandemic has been a major headwind for their business. If and when we can get behind this and when interest rates begin to rise, I have no doubt that Ackroo will see some positive momentum. Trying to decide when this will happen will be like flipping a coin. I will wait for better days and for when mr market is in a better mood.
Come on, easy excuse, Ackroo has issues way, way before the pandemic, since many years!!
Oh give me a break. It appears everybody ignored them in 2020? Everyone was perfectly fine when the share price reached 38 cents on Feb 24 of this year. Things were looking good. Coincidentally, the tsx venture composite peaked at around Feb 19 @ 1098.56 compared to today's price of 954.26. It must be a strange coincidence that the tsx venture composite has struggled since it has reached its peak in February.
Maybe, just maybe that small cap stocks are out of favour this year?