This is probably meaningless but over the past year,Morgan Stanley has been slowly building
a position in TVA.I would assum, that is on behalf of a single institution or shareholder.
Samething with TD.
TD sold 3800 shares this AM but has been the biggest buyer in the past 6 months.
Sad news for M.Melnyk but it increase the possibility of the Ottawa franchise being transfered to Quebec.
It is said that M.Melnyk estate goes to her 2 daughters and that they are not interested in
keeping the hockey club.
Will it be sold to a new owner that will keep the franchise in Ottawa.M.Melnyk as been battling
with the city of Ottawa for a new arena for years without succes.
A transfer to Quebec(Quebecor) would be great news for the losing $$$ TVA Sports.
But there's a long way to gobefore this happening.In the mean time, TVA still trades at 1/3 of book, less than 5 time p/e projected opf 2022(Even with the drag of TVA Sports)
Pristine balance sheet...
Downside risk minimal VS very high upside
| Recent Trades - Last 10 of 11 |
| 10:00:11 | H | 3.31 | 0.07 | 94 | 80 National Bank | 14 ITG | E |
| 09:55:06 | T | 3.31 | 0.07 | 100 | 80 National Bank | 80 National Bank | K |
| 09:55:06 | U | 3.31 | 0.07 | 200 | 80 National Bank | 1 Anonymous | K |
| 09:47:03 | T | 3.31 | 0.07 | 3,800 | 53 Morgan Stanley | 7 TD Sec | K |
| 09:47:03 | T | 3.30 | 0.06 | 200 | 53 Morgan Stanley | 1 Anonymous | KL |
| 09:42:59 | U | 3.31 | 0.07 | 200 | 9 BMO Nesbitt | 2 RBC | K |
| 09:42:59 | P | 3.31 | 0.07 | 94 | 9 BMO Nesbitt | 7 TD Sec | E |
| 09:42:59 | M | 3.30 | 0.06 | 100 | 9 BMO Nesbitt | 79 CIBC | |
| 09:42:59 | M | 3.30 | 0.06 | 300 | 9 BMO Nesbitt | 1 Anonymous | |
| 09:42:59 | M | 3.30 | 0.06 | 300 | 9 BMO Nesbitt | 1 Anonymous |