RE: RE: RE: RE: RE: pref c & d both down todayThey've hit their 10% on the As and are halfway through their commitment on the Bs as well (I posted numbers on how far along the buy backs are last night). In all likelihood they are going to switch to the C's and D's now which haven't been the focus of much buyback action yet.
Possibly someone wants to load more of those up as cheaply as possible for a trade. Certainly the company would probably like those to dip right now so they can start buying low and not chase it up too quickly.
To my knowledge, the company can buy near ex-dividend date. However, maybe they feel it will be easier/cheaper to buy after.... We don't actually know they aren't buying as they don't need to report daily on SEDI. Has anyone figured out who they buy through (which house?).
Between impending ex-div date and the need to complete a significant part of the buy back commitment on the C's and D's they should look strong for a while I would think.
Mark