Post by
iknownothingalot on Mar 02, 2024 7:52am
Share Repurchase
While I certainly appreciate any return of free cash to shareholders and while it's also de rigueur these days to use this cash to repurchase shares, I believe ATRL might have been better served beginning to restore the dividend to more normal levels around 2%. While 75 million would not completely achieve this, it would certainly be a step in the right direction. Next stop monetization of the 407 to pay down debt.JMHO.
Comment by
Gabriel on Mar 05, 2024 12:20pm
There also need to keep cash for the substantial lawsuits on Trillium and Confederation line. We can spend 100m in legal fees per year but will have to foot the bill one day. There also issues with systems integration on Eglinton. There are others too. Things are not as rosy.
Comment by
Gabriel on Mar 08, 2024 9:09am
Yes. I instructed my broker to liquidate my position two days ago. I am moving the proceeds to Aecon. They pay 19 cents dividends per quarter, have 1B in liquidity, 535m cash and 148m debt. EBITDA is 370m last twelve months and 120m last Q excluding LSTKs, two of which are with SNC, one is finishing (Finch) and one going well (Gordie Howe).
Comment by
Gabriel on Mar 08, 2024 9:17am
I think a recession and major correction are coming, rates will consequently drop to help the economy, and only high dividend payers with strong balance sheets will hold. I just can't believe we have squandered 2,25B of the 407 10.01% sale and are back to about 2B in net debt in less than 5 years.
Comment by
rad10 on Mar 10, 2024 6:09pm
always a considered opinion - may be time to lighten up. These Quebec based companies are always full of drama - bombardier, yellow pages, laurentian bank...... the list goes on.
Comment by
Gabriel on Mar 10, 2024 10:56pm
All whilst our government clients are spending like drunken sailors as Druckenmiller puts it. Imagine the wake-up call and the severe cuts that will follow.
Comment by
Alexcanada on Mar 12, 2024 5:14pm
11B quebec gov deficit.. way to go Legault !