Not WTP - I picked them up at a little over $2. But I have many stocks that are down a lot more than 50%! I look at my reasons for buying them in the first place, and if those reasons are still valid, then I hold.
In the case of WTP, where I'm (only!!) down 36%, I see strong, growing projects, a top quality management team, a successful business model (think: LEI), good profits, record work book, excellent dividends (around 28.5% at present).
Why sell?? Unless you can find a better investment elsewhere, it is just folly to sell at these prices. I believe most people selling now are being forced to sell, through margin calls and the like.
Common sense and all forms of rational analysis and intelligent behaviour have abandoned this market - it's just panic selling for no good reason. Mass stupidity.
You can be absolutely certain that the market as a whole will come back - and I'm 99.9% certain that WTP will be amongst the best stocks to hold when that happens.
WTP Price at posting:
$1.40 Sentiment: LT Buy Disclosure: Held
