RE:RE:RE:Recent Posts
CADInvestor12 wrote: I don't think M&A for the sake of M&A is the right approach but if the opportunity is accretive & the target company is a strategic fit (medical/ international/ even US?) then I would prefer that over a buyback. Once they are CFP, then I wouldn't be entirely opposed to a buyback. Honestly, to free up additional cash, I wouldn't be opposed to a sale & lease-back of their Barrie plant or using as collateral for an ABL.That would likely generate ~$15M in additional cash and provide them with some serious firepower for sensible M&A & potential buyback, makes everyone happy lol.
The reason I say buyback now is because of the claim that they are at the cusp of CFP. So keep the enemies at the gate for now and wait a few more quarters before going carcass hunting. They'll still be there when we're ready and if they're not, so be it, wasn't meant to be. But certainly I'm ok with M&A, just not now.