TSX:IBG.DB.E - Post by User
Comment by
nkbourbakion May 09, 2020 1:41pm
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Post# 31007216
RE:Officially the best marginsnin the industry!
RE:Officially the best marginsnin the industry!Very frustrating not to see any bids appear after a very strong Q1, with growing backlog etc.
I assume the lack of interest now and over the past couple years is due to fear of recession -- particularly with COVID and with the backdrop of Canada's shaky economic setting (housing market, indebtedness, oil collapse). I understand the concern but it seems odd that their business is being so severely discounted in this regard.
Sigh. Strikes me that they're doing all the right things. I'd personally like to see them buckle down and put every penny they can into debt reduction (i.e. no acquisitions for now, no matter how tempting).
It'll be interesting to see if the partnership steps up their purchases.