RE:RE:RE:RE:RE:RE:Patience of JobGood points Joseph on the buyback.
At this point I don't even know whats going to sponser sector, let alone stock, appetite.
I have a lot of hopes in que for the June 18th TMP PR, but I've reached a point where I admit i'm not sure what it's going to take to turn the shares.
Perhaps a buyback is the recipe/ combination with dividend raise. Even taking a half cent raise at this point is a material change in the yield level, and only costs 2mm for the next 1 year.
Say 6mm for divvy and 6mm for a buyback, at current prices nets over 3% div + 3% float reduction - 6% return, using only 12mm out of 50mm+ .
I mean thats rediculous you can have this kind of implied returns existing on a public security, in North America... Things have been deep into the woods of absurdity here for a while now.
So who knows, i see the merity in your points, and it makes sense on paper, but that's about where most things end with BNE and the CDN space... as the reality is more of a Carney hall of mirrors.