RE:Nice if this went up so I can stop buying it.This drop is par for the course. I first owned it in 2012 during its big drop. It has done this drop multiple times over the last tens years you can almost expect it. Selling off the chemical division was a bad move. It was a cash cow and was never affected by warm weather. People need chlorine for water treatment for drinking ever day of the year. They had a warm Q4 which really affects its bottom line. There was one year during the last ten where it never froze in the better part of eastern Canada. No snow at all. The Rideau Canal wasn't able to be skated on for the first time in Ottawa since anyone could remember. So if Q4 is bad enough you will get a massive correction because this company really only makes money in two quarters. Q4 and Q1. (Particularly Q4) If it doesn't make its money in those its a loss for the whole year as Q2 is weak and Q3 is consistantly a bad one as there is no heating in the summer. This is not to mention the world is continuously getting hotter. The chemical division kept it uniform having solid profits 365 days a year. Now this company is more succeptable to warm winters than every before, , which show no sign of abating in the decades to come. It feels like a role of the dice every winter. As i type it is 17 degrees Celcius in New York..
Freezerburn wrote: .