RE:RE:RE:RE:RE:Buybacks "If these companies truly believe in a higher future commodity price then the time to buy back is when commodity prices are low."
Exactly. It seems like CJ has no actual commitment to the buybacks. While the divvy yield
is outstanding the NCIB was barely utilized and seems more like window dressing than an actual commitment to improving shareholder value. Without utitilzing the NCIB for 2 quarters + now, the FCF should be increasing substantially with money saved.
Quarterly numbers coming out in a few weeks will provide us with more clarity. The claims of investor relations that buybacks are unaffordable may be legitimate but I'm really wondering, especially with share price so depressed.