Company in similar Valuation and Situation as 2002follow reitman investors (& skeptics)
just found an old GM article about fund manager Allan Jacob who 3-6xed his returns on his Reitman investment from 2002 to 2005 or so. (see link below). He does mention valuation metrics which
seem similar to today as well as the fact that the company was piling up cash on its balance sheet.
Old school, and proud of it - The Globe and Mail I think while Donville Kent's efforts to bring visibility to the story and push the board to uplist etc. are commendable at some level I do believe that this will be a "show-me stock" which will need a couple of quarters to play out. Furthermore, given that they just got out of BK (which in my opinion was judicious and well timed during covid-19 to restructure and become more lean), I won't be surprised if management waits a little longer to re-instate divvys.
Hopes on collapsing the class structure etc. remain low, but as long as the company keeps executing and generates free cash flow - the light CAPEX should work in favor of the business and cash balance should keep increasing by $30-50mm on a normalized basis.