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Tuesday, October 1, 2019

Godd day for Nutrien Ltd. (NTR) investors

I don't own this stock, but I often read about it on Susan Brunner stock: Dorel Industries Inc. Today, Dorel announced the suspension of their dividend, and of course, it automatically caused a big drop in Dorel stock value. I have never been interested in Dorel Industries Inc. because it chart always been rocky, but now, that stock is almost dead. It's sad for the current stockholders of Dorel, but I am not one of them.

I have however other problems of my own. Recently, Nutrien Ltd. (NTR) had been on my radar. Recently, I notice that NTR value had decreased and it really tickled my nerves. I didn't proceed with any move regarding NTR, and it's actually a good thing that I didn't. Sometimes, laziness pays off. Yesterday, NTR announced the acquisition of Ruralco Holdings Limited (Ruralco), a business based in Australia. Who knows, maybe this is what Nutrien Ltd. (NTR) really needed in order to perform better, and maybe reach the same performance as the late Agrium that I miss oh soooo much! 

The TSX went all down today. I am not surprised. It was fun to be in the 16 700 points, but it didn't feel natural. I am now just really happy did I actually post an update of my portfolio back on September 20. That way, I have something good to look at on days like today, when the TSX slides down.

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