Post by
GeorgianBayGuy on Feb 11, 2021 1:27pm
Impatient Investors
I follow ATD on a number of chat boards. In general, it is very disapointing how impatient most investors are with regard to this stock. It seems like everone expects the stocks they own to be a rocket ship each and every day. In the search for a quick buck, there is so little attention paid to strong business fundamentals, good valuations and solid long-term growth. As I have said before, ATD ain't no rocket ship - never has been, never will be. But it has been a star of the TSX, consistently delivering market-beating returns over the long run.
For those of you looking for faster money - might I recommend GameStop (oh wait, that ride is over - hope you didn't buy-in at $US400) or perhaps some highly unprofitable cannibis companies (oh wait, they are all down 20% today - hope you didn't buy yesterday).
My advice: max out your ATD share allocation, then stop complaining, then let the superb management team at ATD do their thing. In the long run, you will be very happy that you did!
JMHO
-GBG
Comment by
Stuffitnow on Feb 11, 2021 1:33pm
Great post, those guys are not investors, they are speculators/gamblers, too many people nowadays think the stock market is a get rich quick scheme, those guys are the same who are getting sucked in and losing money. Good things come to those who wait :)
Comment by
Luxor63 on Feb 11, 2021 10:43pm
This post has been removed in accordance with Community Policy
Comment by
Stuffitnow on Feb 17, 2021 7:40am
Only if the 1000 shares you sold at 41.75 weren't purchased at 44$ cause right now, you're still down.