RE:RE:EarningsTheRussman wrote: This truly is a moribund stock at the moment. While the earnings report was not spectaculr, it certainly wasn't disappointing either. I see no reason why this stock should not be trading above $24 like it was just five onths ago. Perhaps it will be a slow climb to that $25-27 range.
The earnings are actually spectacular given the market performance and volaitilty in the final quarter. Earninga are 50% higher than they were when this stock was over $27 yet now it's $21.xx? The multiple has contracted quite dramitcally, now trading at under 9x earnings. They've increased the dividend 10%, they're buying back more than double the shares from the previous NCIB announcement. I can't put my finger on it and don't understand why this stock is such an awful performer. It's pretty much the same price I paid in 2014. Wish I could understand why the market hates this stock and what it wants to see before it resumes some sort of an uptrend.