RE:RE:Aecon great news
Gabriel wrote: Very interesting point you raise.
My suggestion to many key stakeholders of Aecon made a few weeks ago is to buy-back shares instead. I think shareholders would benefit more if the company uses its cash to reduce the number of shares at this ridiculous price. Aecon is a formidable money making machine and its stock as you write will pass the 20$, pass Go and head to 50$ per my shared analysis to those same stakeholders if my proposed plan is implemented, the core of which is an NCIB or shares buy back up to 21m shares. At a price ranging from 12 to 20$ or 16$ on average we need 336m. I suggested to sell the concessions business, more appropriate for a pension fund considering the infrastructure Klondike we are heading to. I am adding shares every day. Thank you to all the sellers.
It should be noted that a 8-10% dividend increase could be made while implementing your buyback plan and only cost the company nominally more throughout the year. As the share count reduces so does the costs of distributions per quarter.
It would be the best of both world catching interest from investors who like both methods, opening greater share price appreciation potential.