Sylogist Ltd T.SYZ

Talk About Being Punished For Doing The Right Thing

[NLMoose]

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.

[navajojoe]

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[lotus1]

Looks lik that !! Why would company spend funds for NCIB buyback, if they are saving funds to use for Growth Initiatives/Capital Allocation strategy.

[NLMoose]

When publicly traded companies like Sylogist buy stock, share prices will naturally go up as number of outstanding shares plummet. For some strange reason, the opposite is happening to Sylogist as they announce a buy back and prices still go down. Investors obviously failed Economics and Finance courses.  

[88guy88]

The buyback can start on Thursday....prices are cheap today.....it never should have been a dividend stock paying out 8% something in the first place.....they are a growth company The selling pressure is from all the old folks that held it for the dividend  Investors taking advantage of the cheap pricing today will be rewarded a year or two from now....this is one stock that you can just

[navajojoe]

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