May 11, 2017

On Thursday, the S&P 500 was down 0.2% and Toronto was down 0.5%.

Linamar was up 8.0% to $63.83 after releasing earnings.

Stantec was down 5.0% after releasing earnings.

AutoCanada was down 2.9%.

With stocks apparently sliding my strategy is to add to positions. But I may already have been too hasty. I think patience is a good idea and not rushing to deploy cash.

Home Capital released earnings. As expected Q1 had reasonably good earnings. But Q1 is basically TOTALLY irrelevant to the circumstances that the company faces going forward. Looking at the press release I did not see anything about the losses or special costs it will incurr in Q2. I don’t know,  I see the disclosure as poor. Those who bought at prices under $7 may have made a great investment. Time will tell. They have a conference call tomorrow.