couple commentsTotally agree that this is a tad nasty doing a bought deal with it looking like they don't have a specific purchase in mind. Also agree that these bought deals seem to always get leaked leading to a bunch of illegal insider trading.
Having said that, shareholders should keep this in perspective. The bought deal price is $58.80 and on Dec 4th, the low for the day was $59.80 so we're basically back to where we were a week ago.
Also, at a price of $58.80, CPX will stil be up 55.4% YTD.
As previously mentioned, we did trim 19% of our holding but we will definitely be holding the rest.
It will be interesting to see what they do with the dough.
Ciao
Sarge