Last time I looked at this stock, back in ‘09 it was still an income fund earning about 15%. The target was $7.50, it got to $7. I have not really looked at it seriously since. Here it is;
Clearly this one is in trouble. Frankly you should have been stopped out at about $5 which represents the bottom of the consolidation range. We may get a rebound of a dollar or a little more which would present a good exit point if you still own it. The younger generation simple does not use the Yellow Pages anymore and even if this is supposedly Canada’s largest internet company, it simple is not changing the business model fast enough.