RE:As of Mid-Day Volume on TSX more than 2 time daliy averageNot sure DMR, but this quirky little article popped up in the Globe this morning:
https://www.theglobeandmail.com/report-on-business/meet-the-canadian-contender-to-take-over-for-warren-buffett/article18667754/
Where does stuff like that even come from?:)
TA's EV/EBITDA is less than 8 now, most of the bad news seems to be baked in already, and they now have some fairly good longer term growth opportunities up the spout... However much of their last quarter's earnings came from some pretty good, but not necessarily repeatable trading numbers. It would be an interesting exercise to go back over the last 4 or 5 years of reports to come up with an average trading earnings number.
I suppose that if TA were an obvious takeover target it would have already happened, but one can hope.