RE:RE:CJR.B: best to come.20m shares @ 6.25 = 125m .....CJR paid down 120m of debt in the past 6 months. CJR are already at their 3x debt leverage target or below it now. They should be buying back at least 25% of the Shaw stake (20m shares) and cancelling them......if not 50% at these prices. They better be part of the people buying from TD.
This benefits shareholders 2 ways........one in that their share count is 10-20% lower and so EPS/CFPS are 10/20% higher immediately. Second it keeps a firm bid on the stock which is secondary to point 1.
Then they can go back to paying down debt after removing significant shares from a motivated seller at basement prices. An opportunity like this doesn't come around often.