This looks like a normal consolidation on an upward cycle. It’s going to be tricky from a technical perspective. If you own it, you want to get out at $51 (It is at $54.55 today.) He has no problems with buying it here. If it can break out of this consolidation, it will go to $56, with a potential rise of another $3 or $4. He likes the movement of the stock so far.
Cymbria Corp is a Canadian stock, trading under the symbol CYB-T on the Toronto Stock Exchange (CYB-CT). It is usually referred to as TSX:CYB or CYB-T
In the last year, there was no coverage of Cymbria Corp published on Stockchase.
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In the last year, there was no coverage of Cymbria Corp published on Stockchase.
On 2024-12-13, Cymbria Corp (CYB-T) stock closed at a price of $76.26.
CYB has total assets under management of $1.5B, a portfolio of 57 companies, an MER of 1.15%, and its top holding is EdgePoint Wealth Management at a 16% weight. Since inception in 2008, it has returned a strong 13.7% annualized rate, and while we cannot personalize responses, we would be comfortable trimming some exposure over time to reallocate to other global equity funds or North American specific companies. It does have a concentrated position in EdgePoint Wealth Management and while we feel comfortable with this long-term, it does open up the fund to concentration risks.
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