Post by
Nordico on Nov 17, 2023 3:46pm
Buybacks
One last vent here. In October Bomber spent around $6.5 million CAD buying back around one-third of the remaining NCIB allocation of 400k shares: 138k shares at about $47 per share average. I do wish they'd done the entire 400k shares while the SP was in the mid-$40s; I don't think they'll get that opportunity again. When the market is acting irrational undervaluing a company's stock by an absurd amount, the company should self-privatize as much as it feasibly can.
Comment by
stock4life48 on Nov 17, 2023 4:30pm
I'll agree in principle, but when it broke the $40.00 mark I was pretty sure it was going to go a lot lower. I was wrong. I bought every last share I could in the 40's. Now lets ride to $70 by Christmas and even further in 2024, hopefully $100-125