Gluskin Sheff

I bought this stock of Gluskin Sheff + Associates Inc (TSX-GS, OTC-GLUSF) in 2016 with high hopes that it would recover and be a great stock. However, this has not happened and the stock continues on the down tread. I will lose money on this stock. It is going to be bought out by Onex. I think they are getting it cheap.

Some analysts have said to just cut your losses. I agree with this assessment and I have sold my shares in this company today. Now I have to figure out what to do with the money from this sale. This was in my TFSA account which I have been using for my fool around money. But I will be looking at the current yield versus historical median yield this weekend, so that should spread some light on what to buy.

Onex has agreed to buy the firm. See an article on Globe Newswire on this buy out. An interesting thing to note is the buyout is at $14.25, but the stock was recently trading at $14.41. This generally reflects the fact that analysts and traders expect the offer to get better before Onex buyouts this firm.

On my other blog I wrote yesterday about Thomson Reuters Corp. (TSX-TRI, NYSE-TRI) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Friday, May 3, 2019 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

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