RE:Q2 proves AB economy resilient & robustSo it was WAY over. Didn't get enough bets but I would have been a raging contrarian just for the sake of it.
I think we solved the mystery of why they stopped buying shares in mid-May. They are focusing on rapdily paying down their debt instead. This is an odd choice to me because clearly the shares are still undervalued. I will defer that maybe they know best here. They do mention that they still plan to buy back shares, so maybe it was some high-interest debt that they were paying down before proceeding with NCIB?
Either way these are very good results. The stock is very cheap at the current rate.
Continuing to hold here for sure.