RE:Have to think he knows more than Mackie Nothing is happening at Medicure. Bert Friesen is all about control. He would rather own 100% of a $1 million company than 10% of a $100 million company. That is why he agreed to do a share buyback at $6.50, which was valued at an astronomical premium to current market prices. Some of the largest shareholders wanted out of their positions and threatened to remove him if he didn't agree to such a buyback. Now Medicure is using its dwindling remaining cash to fund its losses, without the ability to conduct any transformative acquisitions. Both Aggrastat and Zypitamag will face generic competition by 2023.
Also, Bert donates a lot of shares each year to minimize his personal taxes. I bet many of his recent purchases will be disposed of at year-end.
Another thing to remember is that Medicure funds several of Bert's non-profitable private companies. Medicure pays Bert rent of over $200k per year, along with almost $750k per year to his privately owned companies: Genesys Venture, GVI CDS, and CanAm Bioresearch.
Given the current economic climate, Medicure is the last place you would want to invest.