RE:An $8 stockIn Q3 and Q4 cash flow from Ops should be extremely heavy.
If the market doesn’t recognize organic growth or the small incremental buys they’re pulling off here to increase top and bottom lines, A dividend or, even better, a share buy back need to be initiated in the next 2 months.
$5 has gone on long enough.
The board needs to initiate something / take action.
I believe we’ll also soon have an announcement of a changing of the guard at the top. Sadly, It is time. A great job done by all (especially an amazing Scott Stewart - a visionary), but you can’t FULLY transform to the tech-based company that IBI aspires to be led by guys in their mid to late 60’s. (This pains me to say). Fortunately, The pipeline of talent is deep and capable.
This week IBG opened the TSX by ringing the opening bell one morning to open the stock exchange. The ringing of the bell not only commemorated 15 yrs on the TSX, but for me was both literally and figuratively rung to signal a new stage in IBIs journey. (Side Note: Only 2100 shares traded that day!)
In the last 6 months I’ve slowly, but surely doubled down on IBG.
I believe the spring is coiled ( US, Canada, India, tech, etc) and ready to spring. I’ve never regretted the patient approach with this company. Will be doubly rewarded soon.
https://www.newswire.ca/news-releases/ibi-group-inc-opens-the-market-863878508.html