RE:Record Quarterly Earnings?Small Cap Canadian companies still do not have a lot of liquidity (money inflow) which to your point leads to dissapointment in many cases after posting strong earnings. Catalyst events however, as per history, such as SIB's / Special distributions and so on do seem to get investors attention. ALC has such high FCF it's reasonable to think there will be more of those to come. That said, it would be logical for price movements upward after earnings release like Q3. The market is illogical at the best of times :)