tomorrow So what will the market do with these results? It looks like Q4 came in a little better than expected. However, they have indicated another delay in resolving the benchmarking arbitration. The next hearing is in the first week of April, while they had previously stated it should all be resolved in Q1. So maybe a delay of a month. To take advantage of any weakness in the stock price, they announced a NCIB, which would allow a buyback of up to 11 million shares (and they have well over $100 million in cash on hand to afford it).
Overall, I think the stock could sag briefly as yet another delay frustrates investors. Then again, the yield is still at 13.9%, so you would think that means some bad news is already priced in??? I would buy on a dip over the next few days before the NCIB becomes active on Feb 28.