RE:RE:RE:Sold half my position for a doubleHey Flamingo.
Firstly congrats on selling half position. Hope you'll be able to buy back cheaper. That's the idea I think in your thinking. I think the shorting fear created with Tarrifs will make that a possibility for you to re-purchase your position.
I still feel the same way now as I felt a couple of weeks ago on the stock. We've survived all the events that you were referring to. But the biggest scare for me was the scare of Bankrupcy. Now all I see is, just a matter, of loosing some income in the begining of this Tarrif war. And if that?
Say the Tarrifs are 10% to start with, of the export Revs to the US. We'll sell 20 to 25 planes in Q1/25. 65% of those planes go to the USA. That's 13 to 16 planes are taxable. @ at 10% of the Revs @ an an average of $45M each we'll only lose $55M for the Quarter.
That's nothing for the whole Quarter IMHO. That kind of money is easily made up by a slight increase in the price of the planes. And/or
an inevitable increase in the Services side which should be $50M to 100M per Quarter. The other factor is that most of the Purchasers of BJ's in the USA are the Charters, and they all have off shore accounts and places to receive the planes.
So very little harm I'll vote for Carney, and see what happens.
flamingogold wrote: Call it capitulation all you want, through 8 years I've held through Bellemare's lies, executive stock fraud allegations, a CSeries giveaway, a cash sucking transporation division, Covid, near bankruptcy and a reverse split. I probably missed some events too. But, despite all that I doubled my investment and that's a win in any book.
But hey I am still in this. So, I'm ready for the next leg up... or not. It doesn't concern me now because my shares are all free. That's a win too.
Nordico wrote: Congrats on doing exactly what the institutional shorts hope for when they attack a stock like this. Retail investor selling in capitulation at an absurdly low price.
flamingogold wrote: After 8 years I've decided to take some risk of the table and sell half my position. My overall gain is more than a double so I'm riding free shares now. My original goal of exiting at $200 is still on the radar. However, I am not prepared to risk a scenario of my entire position being sold down into the $50's or lower and waiting 4+ years to come back. My position is large and in my TFSA so a loss is permanent, something that almost materialzied during Covid. Bottom line, no one ever lost money taking a profit. That works for me.