Post by
Register123 on Jul 28, 2016 12:56pm
Looks Like Jason Donville Bailed On CXR
Jason Donvilles latest ROE Newsletter does not mention CXR at all (www.donvillekent.com).........I believe last time he was on BNN, they put up a graphic of the top 5 holdings in his fund. I think they were CSU, CXR, OTC, GIB.A, and CRH. He mentions the other four, along with other stocks he likes, but not a word about CXR. What is interesting is his claim that what pundits miss when examining growth by acquisition companies is that these companies can falter if they pay too much for assets or they use too much leverage. Funny for him to say this as it appears CXR (which he had been a big fan of up until early in 2016) falls into this category. They likely did pay too much for AMCo. last fall and they appear to have used too much leverage in doing so. The question is: Why did Jason invest in this name and hold it for so long after the AMCo. deal if it failed his tests?...........It would be nice if Jason appeared on BNN Market Call and provided his viewers/fans with an explanation on whether he still holds CXR and his view of the company going forward.
Comment by
Ducksoup000001 on Jul 28, 2016 3:56pm
These last statements of your post reflect very similar behaviour from lots of posters in this CXR board. Keeping a cool head is rule number 1 from Investment 101 - preserving capital is more important than watching profit appearing on paper. Good luck to all longs on CXR
Comment by
Kisu on Jul 28, 2016 4:02pm
My guess he is still holding it but will not say anything in public until after the next earnings release in case there is a chance of a decent rebound or (really unlikely) a buyout. He did score a win with regards to CRH which is up nicely after a great earnings report today.
Comment by
visionaryfool on Jul 28, 2016 4:32pm
Yeah looks like he's def still holding it from his June return of -4.9%. A lot of the companies he was holding were flat, slightly up, or slightly down. CXR on the other hand..................... BLEW THE FLOOR OUT