M&A ImminentThere was an overwhelming amount of talk and indications on the last conference call that a M&A deal was imminent, if not already in the works. If I recall, they changed CFOs, but kept the old CFO for the time being so that he could work on M&A. I interpreted this as a deal, or more than one, was in the works and there was a lot of work being done.
Another "possible" indication is that, thus far, CPH has not bought back any shares under the NCIB in October thus far. Sometimes they would skip a day or two, but never more. This is abnormal, and indicates to me a good probability that they have a deal that is VERY imminent.
SP seems sticky around 3.20-3.25 range of late.
Holding patiently.
GLTA