CJT earnings report

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I have owned CJT for awhile. Bought it at 130. I saw it almost double by September and analysts have high price projections. It has dropped significantly since then and today a big drop. Is this earnings report concerning. To me the future still looks bright, but maybe I don’t understand the report. Could you give me some insight on the company

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Asked on March 1, 2021 10:59 am
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Hi there,

No - nothing concerning here. The report was a good one and it actually beat on top and bottom minds. I think what we are seeing here is simple a 'sell' the news type situation. As you pointed out CJT had run up significantly - perhaps too quickly. It was trading at record valuations and this little correction is healthy. Stocks don't go up in straight lines indefinitely, and so long as the company's prospects remain strong then these little corrections followed by some consolidation is healthy for the company.

IMO, the long-term prospects for CJT look bright and I would not be worried about today's dip. Valuation was a concern for me (and still is) but it has strong fundamentals and many levers for growth. It is a really good company to own.

Mat

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Posted by Mathieu Litalien
Answered on March 1, 2021 1:24 pm
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