Autocanada (ACQ)
Q: would you buy acq for a bounce, not as a long term investment but as a short term trade because it has been so beaten up.more often than not these beaten up companies tend to bounce back.
Q: I see the rolling banner on BNN/Bloomberg is reporting that the CEO & CFO have resigned in a Management overhaul. Do you think this increases the odds of a sale of the company?
Will it help stop the bleeding?
Thanks,
Scot
Q: ACQ is the biggest laggard in my portfolio. I own a small position and I'm down just over 40%. I'm thinking about selling. Do you support me cutting my losses or is there a compelling reason to stick it out?
Thanks for your great advice as usual.
