RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Greenday@ flamingogold - There is an element of recency bias to my interest in investing in BBD but it's not the only factor.
When you look at BBD's price chart during covid - it's a decline. BBD has recovered from its lows but it's still an underperformance in relation to the advances made by the broader markets. It could easily be argued that some of BBD's decline can be attributed to factors it had no control over.
During covid, money flows were into the "stay at home" stocks. The investment theme was to capitilize on things people used and did while they were under house arrest.. So stocks like Peleton, Netflicks, and Home Depot did well and capital flowed out of stocks like BBD. With the entire airline industry nearly collapsing, transportation stocks were definitely not the flavour of the day for attracting investment captital.
It's why it makes me wonder why some of you guys support Justin Trudeau and his nuckel headed policies. You're shooting yourselves in the foot.
Institutional capital is what will move BBD's share price higher but most institutional investors are conservative and theme related investors and political decisions play a huge part in their investment decisions.
Most investment managers will not commit large capital to the transportation sector until they're convinced that the coast is clear. At the least it means policies that give the transportation sector a level playing field. It means no Emergency Act and no restrictive mandates that discourages the free movement of people.
There has been at least some progress in ending the draconian measures that Trudeau and the Liberal party have imposed, as Doug Ford has essentially said that he has had enough of the covid nonsense and Jason Kinney has said that Alberta opposes the Emergency Act.
Even so the new theme developing in the broader markets is the movement of capital into the precious metal and commodity markets as protection against inflation. How that capital flow might relate to the transportaion sector and BBD in particular is a question worth consideration too.
GLTA