I don't quite understandThis co. has 300 mill cash(4.40 per share), no debt,a yield of 3.2 per cent based on todays close and a p/e of 26( high end of medium but half of some other bourses).
The pres today says won't sell their Alberta based nat gas exchange for 150 mill and the stock at one point today was down 10.3 per cent,which is about 288 mill of market cap..
This to me seems like a money making machine with either excellent growth potential or a buyout target despite the pres's comments that it is not for sale.
In fact, as a shareholder I like the "not for sale" comment...it just means a suitor will have to fork out more $$$$ for it.
So why did we end the day down 9 percent?
If anyone can shine some elucidation on this please do so.
Yachtie.