Today’s Trading Desjardins is active in trading today and is pre-eminent in the depth chart, suggesting that it is interested in buying but only at progressively lower prices.I find that puzzling!
A Google search told me that low share prices make it more difficult for the listed company to raise funds. In Algernon's case, it would hinder the development of treatments for those suffering from a variety of serious and painful diseases.
But Desjardins is a credit union, with 250,000 members, and credit unions, rightly, take pride in their community support. Desjardins' own web site describes its function as "Money at the service of human development " and that its "commitment to individuals and communities is baerd on kindness and mutuall assistance "
I am not at all knowledgeable about trading and it may well be that these trading patterns do align with corporate values - but I'm puzzled.
Could someone put me right on this?