TSX:BPO.PR.A - Post by User
Post by
CrazyTraderon Nov 14, 2023 5:59am
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Post# 35733621
If you want "Permanent Capital", capital you don't need
If you want "Permanent Capital", capital you don't needto pay interest/dividends on, you do SHARE BUY BACKS at discount. The money saved is capital you NEVER have to pay interest/dividends on.....
THAT's Permanent Capital.
Buying BPO Prefers at $6 instead at Par of $25, creates $19 of permanent Capital company never needs to pay interest/dividends on. It's basically FREE money.
But a better way is to buy for investment instead of cancelling them.
All just my opinion/view/thinking