Aug. 3 at 1:55 PM
$FLT.TSX
$TAKOF @PercyBaron From past posts, I understnd you have (or had) a large position in FLT (300K + shares) but have turned a bit negative recently. May I ask your cost base and expected time horizon?
FWIW...Not an easy investment on this as it remains speculative until concrete deals are signed and we see revenues and a full stop on dilution. Also worth thinking whether there's a higher probability for a reverse split in the near term given stock price and # shares O/S.
In any case, it's the right industry with compelling (multiple) use cases (defence, commercial and other industries) and, IMO, this will take time to realize shareholder returns. I always buy shares in Co's with a 5 year time horizon consideration and FLT fits my criteria for a long term hold. I always add more (often averaging up) when the investment story becomes clearer and execution risks reduced.
Good luck