RE:RE:RE:Share buybackI agree with @YassineNoBS this stock has been heavily short traded for years. For the trailing last year the bi-weekly median percentage is 18.353%. @Puma1back The real short traded numbers last month, from IIROC reports, shorts traded and covered in April was 7,095,849 on total trade vol of 37,896,866 with a ending short open balance of 3,655,903.
Also institutional long holdings are way down. This is not a warm fuzzy feeling when institutions themselves have no confidence to hold any major shares in this company.
I agree with @hillsville buy backs are good, with the exception that any positive results to non voting shareholders is a very long 10 year term. And I agree with @hillsville this mess was unessessary when the Shaw family on the asset sale doubled the float and paid it to themselves. And the major backing brokers Barclays,TD and RBC that had to have known this deal was not good, but non morally and ethically had eyes wide shut for money in the pocket. Next financial crisis we need a strong movement to let them fail and demand criminal sentences.
This is a well run company with great cash flow and trades much lower than calculated realistic balance sheet ratio evaluations. Analyst coverage and price targets are bullshit if their own and other institutions are not confident to purchase this stock themselves. Unless shorting can be suspended on this stock we are in for a volatile ride for years. This stock is neither a long or short hold for any period of time. A 5% Div is useless if you loss 30% of your equity during the same period. The EV/EBITDA is now lower than 2020 when it traded in the $2 range. And please stop posting about short selling grabbing your stop loss orders(they short to drive the price down, stop loss orders gets in there way) nor great company to hold and just happy to collect the divy nor about odd lots and 100 shares trading price down. That is normal trading, with the exception of massive computer autobots manipulating trades for maximum profit. Maybe we should suspend software computer autobots also. Oh the good old days of reading your stocks in the newspaper and calling your broker for a buy or sell.
In conclusion get a short account along your long. Short or long with the trend. Or equally split your corus investment between short and long. Your capital equity will neither gain or loss and then any poster can paste happy to just sit back and collect the divy.