GRN.TO - Stocktrades Canada

Hello,

Wondering if you have an update on your thoughts on this? Is this going to go the same direction as XBC and be a full loss? Would you be selling at this point?

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Asked on March 15, 2023 9:57 am

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Hi there,
The GRN and XBC situations are nothing alike. Remember that XBC had major reporting issues which GRN does not have. GRN is being swept up in the negative market sentiment towards small caps and high-growth stocks. Rising rates will be a headwind for GRN and it could take some time to recover - but this is true of most small-cap investing at the moment - not unique to GRN.

I am hanging on to my GRN - recognizing that it may take a few years before it rebounds. IMO, we need inflation to tame, rates to taper, and general market sentiment to return to a risk-on mode before we see any meaningful movement in the stock price from here.
Mat

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Posted by Mathieu Litalien

Answered on March 16, 2023 8:53 am

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