Post by
CanuckDad on Jun 16, 2022 7:20pm
New lows today down to late 2015 levels....
What is the next level of support? And what's the catalyst for the turnaround?
Comment by
Stonksonlyup90 on Jun 16, 2022 8:40pm
Hit $5.75 March 2020 - but I don't disagree that they've disappointed. They need to increase their NCIB and cut costs.. problem with the share structure of these Companies is that you don't see insiders stepping up to buy... almost like they don't care about the share price
Comment by
CanuckDad on Jun 16, 2022 11:30pm
Confirmed on the call no new NCIB planned to conserve cash along with reduction in CAPEX planed for the year. Great example of dual class share structure limiting upside in a company due to low probability of M&A or activist investor to shake things up.
Comment by
johnathamilton on Jun 17, 2022 1:36pm
Precisely. One explanation could be that they don't ever plan to sell the company that is paying them way above market remuneration for underperformance. This is their cash cow and they are milking it. There is no motivation to increase the share price, just keep the beast alive.
Comment by
incomedreamer11 on Jun 17, 2022 7:22pm
Still holding it ,my average price-7.5 CAD , they are planning to increase poducts price Will wait next earning to make decision
Comment by
johnathamilton on Jun 17, 2022 10:37pm
They really need to reduce their SG&A - it's a bloated organization. My average price is about between $1.44 and $2.25 - I've been holding for a long time in two different accounts.
Comment by
incomedreamer11 on Aug 03, 2022 9:03am
Today results are stabilized , sales go up and margin better, but still expencies should be lower ( mostly for administration and managment) , looks like turnaround story
Comment by
johnathamilton on Aug 25, 2022 3:58pm
As if the news couldn't get worse, now there's a new pest that feasts on grape vines and has been spotted in NY state. Ugh.