Interesting commentary at Destiny Media earning call It was mentioned they stopped the share buyback for now to build capital for development and/or M&A.
and then when asked about M&A, the ceo stated:
"Q:The opportunities are ones that are available or ones that you would like to approach or there has been the inflow of opportunities coming across your desk or is this something that is part of your strategy over the next 12 months or it’s something we will see if an opportunity arises?
Fred Vandenberg
Well, we are aware of who our competitors are within different markets and it’s more of a -- The opportunities are ones that are available or ones that you would like to approach or there has been the inflow of opportunities coming across your desk or is this something that is part of your strategy over the next 12 months or it’s something we will see if an opportunity arises?
Fred Vandenberg
Well, we are aware of who our competitors are within different markets and it’s more of a -- we have had competitors approach us to buy them. The prices are unrealistic, at least what we had. We can do it the other way around too. We have competitors that we think maybe there is an opportunity to purchase them. So we will evaluate on a case-by-case basis.