RE:RE:RE:RE:Avigilon Getting Attention from Global Tech FundWith this NCIB, Avigilon bought themselves a minimum of 60 trading days or at least 3 months to get their IP licensing program into gear, get that much further along in building out their U.S. plant which will be fully operational by year's end if not sooner, build on the success of their entreprise sales team who generated 21 % of revenue in Q1 vs. a stated target of 20%, and capitalize on the new product releases and upgrades to current products they announced leading up to and coming out of the ISC West show in mid-April, which apparently drew a lot of attention to the company and its brand, making them one of the most, if not THE most, successful participant at that show according to some reports.
The other thing the shorts were probably counting on to cover was to take advantatge of the sell in May and go away effect, which some seems so keen on talking about every year as summer gets closer, to cover their positions after the Q1 results and before the Q2 announcement in August, which is typically a much better sales quarter for the company then Q1 is. IMHO, the NCIB just threw a wrench into those plans, not to mention that the stock was up 50% over those same 3 summer months last year without it.
We'll have to wait and see. but I think the company as plenty of room to surprise looking out to the rest of the year.