RE:I bought in 2014Dogsbreakfast4U wrote: I have held this stock since 2014 in my rrsp for the dividend. I did the same thing with CPG. Both were huge mistakes. As I said previously I sold half my position in WCP in the $12 range at a loss a couple of weeks ago thank gawd. I am still way under water now for the rest of my position. In other words anybody who bought 8 years ago is still way under water. You call that a long term investment? The only people making money consistently is Grant and his management team with the massive salaries and options we the owners of the company give them because we are so generous with our long term...losses. Commodities stocks are all about buying low and sell higher not buy and hold.
Buying in 2014 in a tax sheltered account did turn out to be a bad move that many of us are guilty of making. However nobody including Grant could have seen a multiple contraction of 4x between then and 2019. We both know a dollar of earnings should cost a similar amount no matter what company you invest in. It's hard to profit when the rules change in the middle of the game.