RE:Downward pressure Just the normal ebb and flow of traders rotating through the stock. Earnings was relatively flat QoQ so seems like a good time for some to take profits after a nice run. Should be support in this range. No need to chase at the moment. Trajectory of the company is quite good and cash is managed effectively. The NCIB will remove the overhang left under $2 and the divy on June 1st will bring a nice push. Just need to be patient here as there will be gains with pullbacks sprinkled in. Thats the way it is for every long term winner.
Know that we own a 1.5B+ Revenue company and every Q we get closer to expanding margins and EBITDA. I imagine that after we pay down all our debt we may see a dividend hike.
Also to note in the 2017Q1, we were impacted by delayed/late rebates. That is no small number. Q2 should be considerably better. And the CFO moving to the board isnt a big surprise. I believe there is a better candidate for that job based on where we are at and where we want to go.
Just some of my thoughts..