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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Re: EXE (Extendicare)
Hi,
I was puzzled by the wild ride this stock had in yesterday's trade. Was up almost 10% in the morning and of course way down (28%) by end of day.
Yes, I understand the reason it went down so much later, due to the big dividend cut. However, I'm totally confused about the way some news obviously must have passed around the large number of investors who "knew something was up" earlier on.
Just how and where is this kind of info available, since no news or public announcements were published about the company before this happened.
I am really turned off about this whole thing, how some investors are privvy of confidential info and many others are not. Was there inside info provided and why does it happen so often ? (See most recent price swings for CAE up 10% in one week).
Thank you for your comments.
Paul

Read Answer Asked by Paul on April 30, 2013
Q: I have held EXE for a number of years in a RESP account. Not factoring in Dividend payments I'm at about a 20% loss at the current price. Considering I have about 8 more years to run on the RESP what is your opinion on hanging on for a turnaround or the sustainability of the current Dividend? Any suggestion on an alternate investment?

Thank you for this excellent resource and all of your advice so far!
Read Answer Asked by Marty on December 18, 2012