Post by
palinc2000 on Mar 06, 2013 11:58am
Share buyback in 2012
How could the BOD allow management to use cash for share buybacks,Look at the high debt /equity ratio, ,,Could they not buy the convertible debentures,,,,which would have reduced not only the interest expense but also the the number of shares in the calculation of diluted earnings ,,,bu,t my preference would be to pay down debt
Comment by
Art365 on Mar 06, 2013 12:12pm
During the conference call, management explained that all the earn-out payments (related to previous acquisitions) had been terminated in Q4 2012. That means that beginning Q1 2013, approximately 40 million $ per year will be dedicated mostly or entirely to debt reduction.
Comment by
palinc2000 on Mar 06, 2013 1:29pm
So what does that have to do with share buybacks in 2012
Comment by
palinc2000 on Mar 06, 2013 4:48pm
I would rather see Board Members and management buy shares in the open market with their own personal funds.......How can Board members really exercise their fiduciary responsibility if they dont feel the pain when the share price underperforms so blatantly.?
Comment by
Art365 on Mar 08, 2013 12:12pm
You are really negative about this company! Maybe I am more positive because I only bought recently, but I really believe that Atrium is finally on the upswing now (organic growth, debt reduction, etc). Anyway, I found this info from the 2012 assembly:
Comment by
palinc2000 on Mar 14, 2013 7:09pm
- Issuing a PR indicating that the BOD has determined that the market has not recognized the full value and the decision to conduct a strategic review and the hiring of an investment Banker to assist in the Review would increase the share price 50 %
Comment by
palinc2000 on Mar 14, 2013 7:43pm
-Hiring a new CEO with a proven track record able to articulate a clear growth strategy would also give a major boost to the share price
Comment by
palinc2000 on Mar 16, 2013 1:56pm
I have looked at the companys website and was not able to find a clearly defined mission statement The most profitable public companies start by defining themselves in a mission statement and all subsequent decisions are accepted only if they are in accordance with the mission Atb needs to define itself quickly
Comment by
palinc2000 on Mar 17, 2013 9:40pm
Compare the results of 2 CEO S,,,,, https://finance.yahoo.com/q/bc?t=5y&s=ATB.TO&l=on&z=l&q=l&c=ATD-B.TO%2C+&ql=1