An early comment today because I will be flying to Nova Scotia later today. It’s a long-delayed trip for me and it’s great to see Air Travel start to ramp back up.
This morning Couche-Tard is up 5%. I don’t see any news so this is probably based on an analyst upgrade.
Penny stock RIWI continues to do poorly, now down at $1.35. There has been no news and so this could just be frustrated investors abandoning the stock. As our report indicates it is an unusual company selling a unique service. The founder and CEO had resigned earlier this year but was staying on the Board. It’s hard to know if that should have been considered a major red flag or not. We’ll have to wait and see how its Q2 results come out which will likely not be released until late August.
West Fraser Timber is hanging in well at about $89 despite the decline in lumber prices. It presumably made a LOT of money in Q2. Commodity linked stocks are always very challenging to predict. See my recent comment about its large share buyback.