RE:RE:New Press Release - Quipt Home Medical Announces Normal Course Issuer Bid Good to see Greg finally doing something to support the shareholder value and stepping up to the plate! Better late than never!
"We are pleased to announce this NCIB as an additional capital allocation option to enhance long-term shareholder value, which is our management team and board's top priority. The NCIB reflects our strong view that our common shares continue to trade at a discount and displays the confidence that we have in our business and its future opportunities. Our continued financial and operational performance, together with our strong balance sheet has put our Company in the strongest position that it has ever been, and yet our share price continues to languish. We believe the NCIB provides us with flexibility around capital allocation, particularly during periods in which there may be a disconnect between our share price, relative valuation, and our financial performance. Given our continued confidence in our business model and future growth, along with our strong balance sheet and our view that the market is not properly reflecting the fundamentals of the business, we see the NCIB as a welcome supplement to our strategy. We look forward to continuing our multifaceted approach to growth and opportunistically utilizing the NCIB as an additional option for capital allocation,” said CEO and Chairman Greg Crawford.
GLTA