RE:Company should come outprabhatmalik wrote: With some news to prop up the stock.
You need to keep your head cool. I've noticed you have been pretty much posting daily about how this stock hasn't been going up. The fact of the matter is that any investment requires a certain amount of patience and level headed-ness. Markets regardless of how they are efficient misprice things or take time for buyers to take notice. Think of the low prices as opportunities for management to continuet to buy stock on the cheap. in fact as of Q3, EIF has purchased 612,480 shares out of 1,544,844 possible in the NCIB announced last January at an average price of $31.67. Remember, January 4th last year, they issued shares are $42.45. This means on the buyback alone, they got pretty much $6.5 million for doing nothing other than buying back shares at a lower price and this is all because of short sellers. If it wasn't for that, they couldn't take advantage. Remember, you don't realize a loss until you sell. So if your business is growing and you are in it for the long term, who cares what the ticker says?
Next week, the current NCIB will expire and there likely will be another announced. This doesn't mean they will maximize the entire program. But this will show commitment to shareholder value. Management is smart to keep quiet and steady. Remember, markets are rationale, but they can be irrationale for a long time.