RE:Insiders can buy all the shares they wantBibic is emulating what Stankey of AT&T did and better, it is very simple for who cares to understand:
1. AT&T spun-off its Warner media assets and gave the proceeds to shareholders as shares in the combined Warner Bros. Discovery on April 8, 2022. AT&T did not benefit from the proceeds $$$ but gave those to the shareholders. In my opinion that was a mistake that Bibic avoided and I give him credit for it. He is keeping the proceeds from the sale of BCE's MLSE share, not giving it away to shareholders, and is investing those proceeds in a business it can leverage better than an investment fund, generating 400 m EBITDA and heading to 1B in a few years. Unless one willingly or unwillingly does not get it, it is fair to conclude that Bibic has (a) divested a la AT&T from a non-core asset and invested in a core-asset, and (b) able to support future dividend increases.
2. The cash dividend payout ratio should trend or drop below 1 with the 2% bonified DRP.
3. Bibic is exploring additional divestitures a la AT&T in its media businesses, real estate assets and other non-telecom businesses to accelerate the deployment of fiber in the US, with a strategic financial partner who will put up the cash. This a strong stock appreciation driver. If not convinced, look at AT&T's stock appreciation.