Post by
McRambus on Nov 11, 2022 10:11am
Insider Buying
Nothing but crickets here lol. I guess the short love affair with Dorel after the sale of Sports for $1 billion is over.
Jeff Segal just bought 50,000 shares at $4.85 on Nov. 8.
I also bought some more. This company is so cheap grossly undervalued based on a perfect storm of supply disruptions, shipping costs, inventory reduction and currency headwinds. These are all easing at the same time and hopefully we get a tailwind starting in 2023. The entire market cap right now sits at $140 million. Right now it is generating losses but to put how cheap the assets are into perspectice, they sold a single building in Cornwall for $46 million. Revenue are still over $2.2 billion. More patience is needed.
Comment by
subliminal23 on Nov 11, 2022 5:50pm
I haven't gone anywhere. I bought about 20,000 shares this week. It doesn't take much to make this stock move
Comment by
JMOttawa on Nov 16, 2022 6:16pm
Thanks for sharing. I didn't see that purchase of Jeff Segal. Agree that it is ridiculously underpriced and Segal would know as well as anyone that it's only a matter of time before the various short term headwinds are overcome ;).