RE:RE:RE:today's comment by 5i researchThe selloff began after annoucing the plan to purchase these shares, so that tells us perhaps that maybe some major investors were not on board with this.
Its not that the shares were sold in the open market or through a planned sale to an institution at a discount but rather using up big chunk of the companies cash on hand.
Investors like NCIB's when they are done over a period of a year, where you are using operating FCF to purchase the shares, not using the cash on hand.
That could impede growth options or having to borrow money for expansion.
Just an opinion.