Guys the phenomenon of stocks going down because of their perceived place in a sector is not unique. I was listening to one of my favourite fund managers saying the same thing is happening with their portfolio globally and domestically . Coincidentally this fund manager ( Ophir ) is a fan of CDA and recently increased their position
I have been in the market long enough to see the value / SP disconnect go to extreme levels. Sometimes the SP is sold down where you start seriously wondering whether something is a miss , but in most cases the value and SP realign
CDA have confirmed they are going well so one can be relatively confident the SP represents sold value. I bought today on open and bought two more lots at 8.62 and 860
CDA Price at posting:
$8.78 Sentiment: Buy Disclosure: Held
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