RE:RE:RE:Are my CPG calls going to be ok? Bridge, I also think that NCIB is not in the cards for some months yet. |Their focus is definitely paying down debt, at least until they hit their debt to cash flow target. My understanding is they will likely reach their target debt/cash flow around Q2 or Q3 of '22. At that point more returns to shareholders (NCIB, higher Dividends or both) will likely start happening.
Paying dowm debt is all good for sure, but from my perspective I would rather they start the NCIB right now and buy back shares while price is depressed-- this is more risky than paying down debt, but maybe it would improve shareholder value over the coming year.