I would disagree as well with holding off. It’s easy to get stuck in the here and now with the bloodletting that’s going on, but that would be short sighted. As any of us should know, a lot can change in the course of a day - let alone a few weeks.
Short term reactionary moves are almost always a bad idea. The fundamentals are there, it’s not an ABR problem, it’s a whole of Market problem at present. If you have faith in the plan on the way up, you don’t sell it out on the way down. It’s times like these where you find out if all that research you did before investing was worth a dime.
Right place, right time works for some companies short term - but right plan will always win out in the long term in my humble opinion. Opportunities like this are not common.
ABR Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
