RE:RE:So TBL @ $5?I agree, the cash position should factor into any offer, or at least be returned to us shareholders before a deal is reached.
I'm very disappointed in TBL's initiation of a share buyback, and then the lack of follow through on buying shares. They could buy back the full 5% they're authorized to for $30 million and still have $140 million left over.
August 2022 to 2023 saw a total of 139,000 shares repurchased, out of an allowed total of 5,400,000
Very similar numbers so far this year, the NCIB looks just like fluff.
The same could be said about the special dividends, they're so sporadic for a company in such a solid position.
I understand building up the cash if we were going to grow the company, pay dividends, or to utilize the NCIB but nothing seems to be happening?