TSX:RPI.UN - Post by User
Comment by
Armcorpon Jun 10, 2019 5:59pm
131 Views
Post# 29813223
RE:Another ATH
RE:Another ATHSomething is going on for sure. It traded over $45 today. Given the low number of shares available and the high percent inside/institutional holdings and the recent purchases by insiders, it could be that an acquisition is in the air either by Richards or of Richards, or a divvie hike is coming, or just plain supply and demand of shares. Low interest rates seem to be here forever, so anything with a reasonable divvie and a good track record is popular. I know in my case I have had shares so long that the return of capital has reduced the book value to zero, so in a while I will have to acquire more to give me something to depreciate! Maybe others are in that boat too....Adding up insiders and that institution (Citadel?) gives about 4 million shares, so not that far away from dictating terms...I also worry that container markets could change fast, given recent concerns about single-use plastics. As long as Richards stays on the right side of coming changes we should be ok...