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Knight Therapeutics Inc T.GUD

Alternate Symbol(s):  KHTRF

Knight Therapeutics Inc. is a specialty pharmaceutical company. The Company’s principal business activity is developing, acquiring, in-licensing, out-licensing, manufacturing, marketing and distributing pharmaceutical products in Canada, Latin America and select international markets. It finances other life sciences companies and secures product distribution rights for Canada and select international markets. The Company invests in life sciences venture capital funds whereby the Company may receive preferential access to healthcare products for Canada and select international markets. It develops pharmaceutical products, including those to treat neglected tropical and rare pediatric diseases. The portfolio consists of pharmaceutical products with molecules and includes both in-licensed products such as Lenvima, Cresemba, Halaven, Trelstar, Akynzeo, Ambisome, Minjuvi, Imvexxy as well as products owned by Knight such as Exelon and Impavido.


TSX:GUD - Post by User

Comment by EbbFlow88on Jul 13, 2021 1:47pm
123 Views
Post# 33536469

RE:RE:792,000 shares traded today

RE:RE:792,000 shares traded today
Answering my own question, I found this from an article and confirmed it by looking through annual reports from Paladin on Sedar. They also bought back shares in 2012.

 In 2007 and 2008, Goodman bought back 7% of its float. That isn’t a huge buyback effort, but keep in mind the environment he was doing that in – there were all sorts of options for a well capitalized company to buy at that time. And also keep in mind the return on those repurchases; Paladin shares traded between $10 and $12 in those years, and less than seven years later Paladin was sold for over $100/share.

Interesting enough, Goodman's main plan is to buy back shares when they are cheap and issue shares when they are expensive instead of using debt. He has stayed true to that during Knight's short life. It is worth noting that things are different today in regards to macro and so is the company. 
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