TSX:AX.PR.E - Post by User
Post by
perplexed01on Nov 29, 2018 7:28pm
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Post# 29042757
tax loss selling until dec 27 this year?
tax loss selling until dec 27 this year? so any counter trend rally may still be met with another vicious drop. i think caution warranted until january.
having said that am heartened to see 2M shares in buybacks. it has to have cuishoned the selloff somewhat. and even though mgmt has borrowed to buy ~ 1.5m shares it is not so foolhardy as i previously believed. the divy payout savings from cancelled shares should cover interest paid to borrow for at least the next 2 quarters assuming bank of Canada is not too agressive hiking rates.