RE:RE:Is Dundee Corp going PRIVATE?
Catscratch wrote "It would be highly unlikely that they have higher ROI opporunities than buying back their own stock at the current price...."
I agree but it does not have to be at "current price"
A substantial purchase of common shares at $2.00 to $2.40 would attract tens of millions of shares and still represent a huge discount from "book value" for remaining shareholders, including controlling shareholders.
And one may combine common share purchases with more preferred share purchases at a discount to par ($25), increasing the "book value" per common share.
Time will tell. Patience folks.
Shareholders willing to take a very long view will be rewarded.