RE:More money to Trudeau less to shareholdersWell richard I, we finally agree that buybacks should maybe be paused.
I say maybe because apparently the return for shareholders on buybacks is so good that the 2% tax may not make it a worse form for shareholder returns but we will see what management decides as you know they are accountants and run these number far better than you or I so I will defer to them.
But what if they don't? What if they dump all that FCF into dividends and cap-ex for 1 or 2 years until either another government repeals the 2% tax or the existing one does as an election incentive?
I guess we will find out at the 2023 / Q4 YE report.
Until then still ARX is still outperforming your stocks so not a bad place to be invested.
KEL down 28% from 52 week highs
POU down 22%
NVA down 27%
ARX only down 16% from 52 week highs.
I guess ARX shareholders didn't shed nearly as many shares as your stock's shareholders for tax loss season.
Anyway...nice chat.
Better luck next year richards
GLTA ARX BULLS! ;-)