equivalent to a share buyback The next week or two will definitely be interesting. IAE being added to the S&P/TSX index means that all benchmark S&P/TSX index funds and ETF's must now purchase and hold IAE shares. Index funds buy and hold shares within the underlying index until such time as they are removed from the index. By definition they do not actively buy and sell these shares so this is equivalent to a share buyback program as shares purchased are effectively taken off the market. The timing of the inclusion of IAE on the S&P/TSX index just prior to the Stella A2 NR could play very well as the indexing process we have seen this week has moved a substantial number of shares from "weak" hands to "strong" hands. IF the Stella A2 results are stellar we could see an explosive reaction to the upside as there are now fewer shares to supply the market.
Of course, ignore everything I have said above if the A2 results are poor.
JMHO