Can't go wrong with taking decent profits at 81c ... Save for maybe a few regrets if the blue sky carries on to $5. Essentially the story goes like this. Operates under a government sanctioned monopoly. Has quite a modest number of shares on issue, And foreign participants, Canadians, have deep interest in the company for its long term prospects - Earnings wise. Given the monopoly
Thus large investors in the company are not sellers .. nor will be. Leaving daily trading markets to punters only. Given that, at this stage PE's don't enter the frame at all, then Blue Sky it is. As for duration, well one would suspect until some hard numbers arrive on the revenue stream at some distant time in the future. That is, when some economists/analysts, can assign PE's to the share price
Meanwhile hang on for the ride !
CAN Price at posting:
95.5¢ Sentiment: Buy Disclosure: Held
