It's probably not a scoop for anyone but yesterday, on market call (BNN), the three top picks of Jason Donvile were:
- Concordia Healthcare
- CGI Group
- MTY Food Group
Three great picks once again. All solid companies that have done well in the past and that should continue to do well.
But, on the BNN website, I've read something pretty crazy:
Donville Kent has sold almost all their Valeant position in november. Now, their Valeant position is about 0,5% of the fund (it was something like 10% not so long ago).
In october, Jason still had Valeant as a top pick. Still in october, he went to BNN on a rant against Andrew Left and Citron research, calling Andrew Left "a turkey" and defending Valeant vehemently.
What the fuck? A couple of weeks after having Valeant as a top pick and after discarding Citron's point, saying that Valeant's ROE is very high, making it a great company that many people didn't understand because of their model, he sold almost everything...
What the fuck Jason?
WHAT THE FUCK?