TSX:RPI.UN - Post by User
Comment by
lotus1on Mar 17, 2021 11:36pm
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Post# 32823544
RE:RE:Top Pick on Market Call Today
RE:RE:Top Pick on Market Call TodayIt was Colin Stewart of J.C. Clark ltd, who recommneded this company in February, 2015, when stock was trading in $15 range. That's what peeked our interest and we started buying in $20 - $25 range and kept adding over years on pull backs. It's one of our largest holdings and we are very happy to own the company for a very long time, in the future, for a unique combination of decent Income and Growth.
President Gerry Glynn, who was the CEO of the company for the longest time and recently moved to the role of Consultant/Trustee, has close to 20% ownership and Insiders own close to 30% (including Gerry). Institutions own the other 30%, leaving the retail float to a mere 40% of outstanding units.
J.C. Clark Ltd has been buying more stock, during recent pullback.