My CPG stock came out of the sale of WSX. I like CPG's charts but have felt it's overvalued so never chose to buy directly. I was actually looking to sell it but we didn't reach my exit target before this recent market drop. It tends to be relatively defensive and is a dividend payer (which will be a bad thing once governments start raising rates) but is a good hold during this period.Originally posted by ragu
Why go with CPG when PWT offers similar dividend rate? Since you went with growth route, what's your quick say on PWT vs. CPG or other og growth companies?
I haven't looked at PWT for a few years. Their balance sheet was pretty gnarly for a while. I think it's improved, but I'm honestly not seeking high-dividend stocks right now. I don't really like chasing the bigger companies for growth either. I make value buys in shops like CNQ and SU for their long-term predictability, and chase growth through juniors who are looking to develop and sell.
There are a lot of 'growth opportunities' priced into CPG and such, and the larger the companies become, the harder it is to be a growth shop.
I have no fucking idea what to do at the moment. Wait and see I guess. This could be a minor correction or the sign of a bigger thing. Europe has really made it tough to be a stock picker...the markets have really moved in tandem this last year and these large scale buying days and sell-offs are the product of the bigger trading firms...fucking us little guys.
Euro_trash, I like ARX. I'd wait until it finds bottom though. It has broken some key supports. I'm watching it too. Once my dissertation is done I'll be looking at it further.