Financial backers reducing ACB holdings. Should we worry? Looking at the AGM video, emphasis is given only to revenue growth during this past year. Not a peep about expense or eps. Without knowing the expense side, investors aren't getting the real picture of the company's performance. It should go without saying that revenue increases with more acquisitions.
We are now almost midway through the final month of the quarter and ACB should now have a pretty good picture of how the finances for the quarter will end. I say this because I've done this for many years for multi billion dollar multi national publicly listed companies.
What troubles me is that as of yesterday Dec 7th - both Cannacord Genuity, the underwriter of ACB's $200 million bought deal issued Jan 5, 2018, and BMO Nesbitt Burns the issuer of ACB's $250 million credit facility, have decreased their share holdings in ACB relative to Nov 2nd to zero. Why would they do this unless they knew something we didn't?
