ADF Group Inc T.DRX

Alternate Symbol(s): ADFJF

Steel Steel

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.

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ADF Group Inc > comment on share buyback

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Post by takeomega3on Jun 12, 2024 3:53pm

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Post# 36085572

comment on share buyback

It's very odd to see them choosing share buybacks while the stock is at this level.

Companies typically buy back shares when they consider them significantly undervalued.

They should have announced a special dividend to incentivize shareholders to continue holding the stock.

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