I am currently working on an update for Ceapro which is a small company that I introduced as a speculative pick on February 17. I am quite bothered by what I view as weak disclosure of a 29% revenue decrease in Q4. In addition I now realize that the company seems to spend a relatively significant amount on Investor Relations. I prefer situations in which earnings drive up share prices as opposed to any kind of promotion of the stock. In the initial report I indicated that profit might be weaker in Q4 and 2017 due to its greatly expanded facilities which would soon be hitting the books as expenses. But I had not expected the revenue decrease. I am now starting to view this company as even more speculative than I initially thought. I hold a very small position in this company. I had been thinking of adding to that on a price dip but now I am not sure I want to.
On Friday, the S&P 500 was down 0.1% and Toronto was down 0.2%.
Oil is back over $52 probably on fears of what is happening in Syria and related matters. This is positive for Alberta companies but also is indicative of higher risks to the markets if various world tensions continue to escalate.