Q: Hi,
I trust that you are well.
A couple of questions....
1) The first one has to do with investor psychology. I've held CIX for about 2 years. I got in at around $20, and it has gone as low as $12, and is now at $17.50. My instinct is to sell and be grateful that I have minimized my loss. Thoughts?
2) "CI Financial announces substantial issuer bid price increase"... it has gone from $17.50 to $18.25. Seems bullish?
3) Would you be able to suggest a ball park figure as a sell price...from a value investing point of view.
Cheers,
David
I trust that you are well.
A couple of questions....
1) The first one has to do with investor psychology. I've held CIX for about 2 years. I got in at around $20, and it has gone as low as $12, and is now at $17.50. My instinct is to sell and be grateful that I have minimized my loss. Thoughts?
2) "CI Financial announces substantial issuer bid price increase"... it has gone from $17.50 to $18.25. Seems bullish?
3) Would you be able to suggest a ball park figure as a sell price...from a value investing point of view.
Cheers,
David
5i Research Answer:
We think CIX is a decent stock, but moreso for income than growth. It is a slow-growth industry,...