RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nice move back upHopefully CJR keeps buying back shares by the truckload (>1M/month) at these prices. Probably will raise divvy a half cent to a cent per Q upcoming but the most important thing is the buyback.
Having 40% of the shares dumped on the market cannot be overstated as to the reason this stock isn't up at 15 where Bell/Rogers are at......this will take time....the more shares they can buy back the faster it'll go.
The latest accounting charge that increased their leverage tempoarily stuffed a good 10 years worth of leases (150m / 3.5m / 4q) on to the balance sheet but in doing so will increase the casflow by that 3.5m/q or 1.7 cents every Q,
ERGO EPS should go up 1.7 cents a Q ( from 33 to almost 35) or 6.76 cents/year on yearly basis.
And as CJR makes more than 50m/q in cashflow it will pay that off in 3 quarters of which 1 is alreay done.