TSX:IBG.DB.E - Post by User
Post by
Oakboy1110on Aug 27, 2019 8:07pm
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Post# 30072722
perils of a thinly traded stock
perils of a thinly traded stockAugust 27 - dropped over 11 percent this morning or 57 cents but recovered to close down 17 cents or 3.4 percent. As CR suggested, IBI Group needs some promotion. I did not see any news that they won a portion of the Mississauga LRT contract. Obviously the company thinks it is not material and therefore no news release. Unless their strategy is creeping privatization I think the partnership and insiders purchasing shares is better than the company buying and cancelling. The more shares outstanding the better the liquidity. The management has more ' skin in the game ' , real money and not options which motivates better performance. After three quarters of great performance, the management and analysts need to start promoting. It will be interesting to see if any insiders picked up shares at today's bargain prices.