RE:G&M Stars and Dogs
The company bought over 250 million worth of stock at average $92/share. Mainly acting as market maker to absorb anyone selling their shares in the open market. Canadian stocks are very illiquid, hardly anyone sells or buys. The company is the market maker of this stock because no market maker would buy the stock at this price. The cash level of this company is same and not improving. it only has 300 million dollar in cash. and spends $250 million in share buybacks of only 1% of shares that won't make any difference as dividend is only less than 1%. the company make more money reinvested in the 500 million in bought in shares in the business or paying employees more. Theft in dollarama stores isn't as bads in the US where organize crime is in wholesale theft for resale. They have retail theft gangs stealing from stores. where as in Canada you don't have organize crime doing it.