RE:good read One opinion and maybe motive driven? Is there any analyst posting these days without a motive? If we go by those metrics then what do we say about all those analysts who many have a $35 plus or $40 plus or even $50 share price target price on SNC? Makes many analysts either geniuses or complete idiots and not to be trusted either. That remains to be seen imo as I am not convinced on one side or another. I don't have the time or patience to decide which is it anymore. I am fed up with the BS out there. I do my own research and analysis and rely on that more than anything these days. If I get snookered or robbed then at least it is on "my terms" and no one else's. I did my research and invested on that. The games being played out there are beyond my control and I have to learn to live with that. It has taken me a while to accept that but better late than never.
Just looking for my "payday here" at SNC. If I get conned over here on my anticipated profits then this will be the LAST time it happens to me. I will take my entire nest egg and just park it in cash or a money market fund or even a GIC that pays next to nothing. Sure inflation will eat into my savings over time but isn't that better than having both inflation AND stock market manipulation AND greedy AND unethical corporate CEO's and BOD's stealing your money in the process too?
Yup I have held Metro Supermarket stock (MRU.TO) since about almost under 20 years since my first purchase and I have never sold a share. That stock I bought at roughly $18 cdn and today it is worth $70 and that is on top of a 1 or maybe 2 stock splits. Good competent CEO's there and very shareholder friendly. A Quebec based company too of all things. Yeah good old "boring stocks" that no one ever talks about. You don't hear the name Metro Supermarkets talked about at the water cooler talk or at parties or on golf courses do you? Never imo. Yet everyone always has to eat don't they? What happens if/when we get into the next recession and if stocks take a dive? First thing people do is head for the safety and security of "consumer staple stocks" that withstand all market cycles and especially in times of uncertainty. One thing my smart and educated years of research have taught me is to stick with tried and true "boring" stocks that will withstand any situation. SNC is safe with me for now only because my avg price of $25.40 is VERY cheap in relation to its intrinsic value of which I peg a $40 conservative value today without even blinking an eye. I know it is worth more. The market has to figure that out for themselves when they see the all skies are clear signal in "2023" imo. I am not going to hold their hand for them to the finish line. I have that "margin of safety" already built here with me and no need to worry. I know what the value of this company SHOULD be to an "astute buyer" which I am certain will happen prior to end of 2023.
If I get screwed here again like just happened to me with Yamana Gold under that similar takeover (still not finalized but more than likely a bought deal) then this is my VERY LAST foray investing in stock markets and I will just sell everything I own (except Metro) and move everything into money markets, GIC's or cash. Not worth the headaches. These trading practices today are for the lazy and worthless people who borrow free shares they don't even own and invest accordingly. What a f'n BS system. Go tell your f'n bank mgr you want to buy a home with no money or collateral to back it up. See where that gets you? Yeah that is because real estate is tangible and has to be backed with a tangible asset if you want a loan. Stocks can be manipulated to death and are based on public sentient and nothing more. Books can be manipulated to death. If the SEC doesn't care about these unethical trading practices then why should I?
My hard earned dollars are on borrowed time and I won't hesitate to pull the plug when the time is right. These CEO's and BOD's had better start thinking about their shareholders as per their fiduciary duty. I can't change things but I can certainly get the word out along with my investing dollars.
Ron