Q: Hello, why the big drop in CP this morning? Is this a good time to buy? Thanks
5i Research Answer:
It looked liked there was some panic selling in the morning of Nov. 5, with concern about the port strikes in Canada. However, investors then assumed that Trump may be good for increasing rail traffic, and the stock ended up down only 31c on the day, after being down nearly $5. Shares are cyclical and not risk-free, but the company has proven itself over the decades, and we would be comfortable buying/owning it.