TFII

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Hi Mat and Dan, with TFII’s new acquisition, would you be buyers at the new share price? Thanks so much!

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Asked on January 26, 2021 6:03 am
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Hey there.

Interestingly enough, my answer at the start of the day would have probably been no. I would have told you to let the stock settle a bit.

And, it did end up falling nearly $12 a share over the course of the day. This is a great company in my opinion, one I hold and have no intentions of selling. Over the long term, you likely will not be disappointed buying at these levels.

However, the market HAS shown to be a little over exuberant in 2020 and 2021 when it comes to acquisitions. So, we could see a little bit of volatility in the short term here.

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Posted by Dan Kent
Answered on January 26, 2021 3:06 pm
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Private answer

Hey there.

Interestingly enough, my answer at the start of the day would have probably been no. I would have told you to let the stock settle a bit.

And, it did end up falling nearly $12 a share over the course of the day. This is a great company in my opinion, one I hold and have no intentions of selling. Over the long term, you likely will not be disappointed buying at these levels.

However, the market HAS shown to be a little over exuberant in 2020 and 2021 when it comes to acquisitions. So, we could see a little bit of volatility in the short term here.

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Posted by Dan Kent
Answered on January 26, 2021 3:06 pm