Talk About Being Punished For Doing The Right Thing Normally, when companies plan to consolidate or purchase their own stock, the share price usually goes higher as the number of outstanding shares decline and concentrated.
However, for some strange reason, Sylogist shares have plummeted more than 15% today.
Investors should be rewarding companies for consolidating or buying back shares as number of outstanding shares plummet, not punished for it with a 16% decrease.
Its bad enough Sylogist investors are disproportionately punished with a 92% decline in dividends which takes away an incentive to invest, and now its plummeting almost 16% today for doing the right thing.
I guess investors don't have morals after all.