RE:RE:RE:RE:RE:Anybody notice Share buyback has stoppedHermannHaller wrote: Management already reaffirmed the plan to buy back shares after the dividend was announced, so no trade-off is being made here. Also, the stock is trading at only 6x earnings. If after announcing plans to continue with the NCIB, they somehow decide that at 6x it is too expensive, and they should wait for a better opportunity, that's negligence.
Well, there's a point where the tradeoff to buying back shares is that you don't use that capital to grow the business. When it was under $3, I think it was a no brainer. At current price, I could see why using the money to lower risk (reimburse debt) or to grow (either through capex in current installations or by buying up other assets) might make more sense.