WCP vs MEG...MEG is starting to buy back 10% of its float of around 300 million shares.
WCP has a float of over 600 million shares.
WCP needs to buy back 10% of its float per year till it reaches around 300 million. If it did this, the stock would be around $20/share. Why? Because look at MEG. What does WCP have that MEG doesn't? It pays a very nice DIVIDEND but has a high float!
This is what WCP CEO needs to focus on. Stop increasing the dividend. It has done nothing to increase the shares meaningfully. Focus on buying back as many shares as possible and watch the share price increase substantially!
NUFF SAID!!!