Q: Hey Peter & Team,
I took a look at the recent reporting as of Nov 5. From what I can tell, poor crop expectations, resource prices and related uncertainty,regional economic uncertainty surrounding oil prices, which primarily impacted new equipment demand in the Alberta construction market, the increased Canadian dollar cost of new equipment due to appreciation in the US dollar are all creating a significant head winds for CVL.
I am in at $24.20 (4% position)
From what i can see my options are to cut the loses and put this capital to work elsewhere or, hang tough and wait it out.
my questions...
Would you advise I move or hang tough?
ps... dividend is very good... do you think it is safe?
Thanks for all you do
Gord
I took a look at the recent reporting as of Nov 5. From what I can tell, poor crop expectations, resource prices and related uncertainty,regional economic uncertainty surrounding oil prices, which primarily impacted new equipment demand in the Alberta construction market, the increased Canadian dollar cost of new equipment due to appreciation in the US dollar are all creating a significant head winds for CVL.
I am in at $24.20 (4% position)
From what i can see my options are to cut the loses and put this capital to work elsewhere or, hang tough and wait it out.
my questions...
Would you advise I move or hang tough?
ps... dividend is very good... do you think it is safe?
Thanks for all you do
Gord