tons of selling going on....its prettty unreal.. we don't sell food products to ukraine! keep on going down baby! thought we had reached the bottom between 1.72-1.75 but looks like i was wrong. i'm loading my guns, getting more cash ready. no plans to sell this company in the next 3 years- this downtrend appears to be turning into another incredible opportunity. looking at like 14.5x this years earnings with approaching 4% divi.
I tend to underappreciate the macro picture in this sort of stock. But if one looks, small caps (IJR) are down 4% this year, which matches the Nasdaq. S&P500 is up something like 3%. So a 7% spread in 5.5 months, which is fairly significant.
One possible explanation for some or all of the move. There are others too.