Sell off of ATD.B - Stocktrades Canada

Good morning!
I recently added ATD.B to my portfolio as one of the foundational stocks you recommended. I purchased because I say a sell off happening over the last couple of weeks. It’s pulled back about 6% since it’s most recent high. I have tried to find news for the sell off, but have had no luck. I would like to continue to hold, but am wondering if I should pick up more if it declines 10 to 12% as it did in the March lows. Any thoughts on this company? Thanks for your input!

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Asked on October 30, 2020 8:33 am

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Did some looking, and I can't find anything of note that would cause a near 20% dip in price.

To be honest, if the stock wasn't already on our Foundational Stock list, it would likely be placed on our Bull List at these price levels.

For a company that's been growing its bottom line by 23% annually over the last 5 years, 22 times forward earnings is a very reasonable price to pay.

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Posted by Dan Kent

Answered on October 30, 2020 10:08 am

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