Wondering if I should sell CAE and reinvest the profits. Held it for years, up 31% on it, but it's having a lot of trouble breaking through 15$ (it almost broke through more than once all the way back to 2000 but never sustained that price). It represents 14% of my portfolio, 18% if I look at my portfolio's current value, so it's a big stake.
It's a company I used to say I could sleep on, and kind of still do, but with UAVs becoming ever more popular and increasingly self-driven, maybe the future of flight simulators isn't so bright. Then again it could slowly turn them into a software and service company without a need to produce so much heavy hardware to ship around, but the evolutionary turnover of UAVs is so fast I don't think there's much room over the long term for a third party simulation offer. They sold their mining division. The health care division is growing though, and I can't imagine that sector seeing enough automation to outdo simulation, quite the opposite.
I wanted to offset the profits to next year to avoid the tax hit, just two months to wait if I don't sell now, but a lot could change until then and they release earnings in two weeks.
I'm puzzled as to why it has been going up on no news while the markets were going south globally. Just today it was up 2% on no news.
Anyone has an opinion feel free to let me know