RE:Sale - LeasebackDanielDarden wrote: This was proposed by GC when he initially bought his 10% position. In the interim, the Board refused to adopt his plan but obviously has come around to it now. So what has changed is a logical question now IMO, Could SXP be looking to invest that capital where the return would exceed the cost of the additional rent? That is my believe because adding costs without offsetting them by additional cash flow would not be appealing to anybody. Something must be up!
The fact that the NCIB could not be renewed in Sept. speaks volumes IMO. The rules prevent NCIBs before “material” disclosure which likely indicates that more news is coming and that it is material to the company. That is a rational guess only as SXP has bought back ~ 5M shares constantly over recent years and certainly has the cash to continue buying them now and post the sale-leaseback with even more cash.