RE:RE:Bye or Buy Opportunity?Herein is the research I was able to find on Ownership by Institutions from FactSet:
Dimensional Fund Advisors own 1,105,000 shares; Chou Associates Management 1,064,000; Canso Investment Counsel 742,000 and BC Investment Management Corp at 121,000 shares. That's it for those with more than 100,000 shares.
These institutional holders account for approximately 3 million or 10% of the 30 million shares not owned by Fairfax and the Voting Trust. Readers can draw their own conclusions about the thinking of the retail holders of these shares.
Some I am sure have accumulated the stock for the return on the dividend. Other may be hanging on because they are so underwater they can't bring themselves to eat the loss. A group of investors may see how undervalued the shares are currently trading at and are making purchases when they have extra cash in their investment accounts.
The fact that Fairfax owns 40.6% of the B shares and Canso with its connection to Postmedia owning 742,000 shares probably factors into some smart investors calculus on this play.