STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

NCIB is a no-brainer

[d_trump]

There is no question they should be buying shares at these prices - it's called financial engineering.  HOWEVER, they should also cancel the DRIP when the share price is so low.  I would curious to see how many shares they are issuing under the DRIP and how that compares to the NCIB purchases.  It could be a wash, in which that is silly......

[BlueCollar51]

In Q1 2016 financials they state that 492,040 DRIP shares were issued. (That would include the 356,141 shares issued to SNCF reported to SEDI). 140,067 shares were purchased on the NCIB.   It’s a bit difficult to estimate the Q2 DRIP shares. They have reported to SEDI that on Oct 15 83,640 shares were issued to SNCF but to date nothing for November. Due to the fact that they have gone to

[sleapeasy]

You have it right  and heres another question 1)Earnings of minus .010 in q1 , projected .03 for q2, and based on the 2 quarters  the earnings for 2 quarters is still minus .07 . so 2 quarters thats 24 cents per share in dividends So where is the dividend coming from (thin air)? 2)Are'nt backbacks a just a joke when  they issue 492000 to SNCFand buyback less than 1/3 of what