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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

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.


TSX:DRX - Post by User

Comment by RyanLnon Oct 09, 2024 9:03am
80 Views
Post# 36259097

RE:RE:I am not impressed with management with how they handled the

RE:RE:I am not impressed with management with how they handled theI think the fairest approach would have been a mix of an NCIB, and a repurchase of some of their shares. The appearance here is they cashed themselves out at the top when they knew there was softness ahead solely for their own benefit. They didn't need advisors to tell them that this wouldn't be well received.

Appearances are sometimes just appearances, but we won't likely know for awhile. If the story is what it appeared to be 6 months ago I'll happily buy back shares I sold at a price higher than today with a little more clarity. 
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