DCI repurchased shares....During the dates August 17th to August 24th when the TSX dropped almost 9%, DCI repurchased 32,500 shares, which represented over 10% of the trading volume over the period. Despite this, DCI dropped almost $1.00 over the time frame.
I'm not sure whether this is Bullish or Bearish. Would unit holders rather have the money spent on dividends, paying down debt, or propping up the share price?
I'm guessing that with the upcoming pain due to the class action settlement, in hindsight, DCI might wish that half million was back in the bank.....