RE:RE:RE:SP$560M CAD profit last year, and $347M CAD free cash flow, and you don't think they should use a small portion of that to buy up shares trading at single-digit trailing and forward PE? Net debt to adjusted EBITDA is down to 3.3x, and the company has $2.4B CAD in liquidity.
By not doing so they let the market continue to butcher the stock, push out fed-up retail investors, and make the stock uninvestable for advisors and advisers unwilling to recommend or place investment in BBD for clients.
BBDB859 wrote: There is no doubt that share buybacks are my favorite way to stablelize the share price, and also, make the Families share of the pie much larger. The only problem I've always had here is, that it's just not feasible at this stage of the company's growth. They just don't have the luxury of giving away $60 to $100 million more, for buybacks. They recently paid the RVG on the CRJ of $130M and nearly had a hemorrhage. Nordico, they just don't have the cash to waste, just to stablelize the SP. Debt, R & D, and a race with the competition to solidify the company's BJ position is a primary necessity right now. Needless to say that we can use higher Reserves for all these competitive expansions.
Nordico wrote: What a great day this would be for some share buybacks; too bad management's clueless.