Axia Announces Normal Course Issuer BidNice to see they are thinking of shareholders, but truthfully I think over time this thing will work itself out and share price will improve dramatically. Anyway, I like the buyback idea....
"Axia's Board and Management believe that the current trading price of Axia's common shares does not reflect Axia's longer term earning power. Given the volatility in the financial markets, Axia believes that our trading prices may be such that the purchase of the common shares for cancellation would be in the interest of Axia shareholders." He added, "Implementing this Normal Course Issuer Bid enables Axia to purchase up to 3.2 million shares at market prices for the benefit of Axia shareholders. Axia's Board is actively reviewing other practical actions that can be taken to improve the trading price and volume of Axia's shares."