Chorus Aviation Inc T.CHR

CHR maxed out buybacks in March23

[Mephistopheles3]

CHR's still going at it - they maxed out their share buyback almost every single day in March.  Just have to wait out a few weeks until the earnings report - lots of volatility in the market these days, little of which I believe are due to fundamentals. 

GLTA.

[Tommy123]

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[CoPilot99]

Please check my math. This past month they purchased 2.75 million shares at aprox $3.30/share =$9.075 million. If that was paid out as a dividend over the aprox 200 million shares outstanding (before the NCIB started), that would be $.045/share, FOR THE MONTH. Multiply that by 12 you get an annual dividend of $.55. With a current SP of approx $3.25 that is a yield of 17%. This is all while

[maplak]

Well, if your math is right.... There is a lot of question. Where thouse  $ 9 million to by back shares came from? Cash flow? Are those $ 9 million sustainable going into potential recession? Since the management is not happy with the share price why they don't announce 2c dividend ? Maybe dividend focused investors would start buying the stock  pushing the price up. Are they scared

[JYBJYB]

I'll be at the beer store at the open to take advantage of that screaming deal.  Just checked, it's legit!

[CoPilot99]

From last Quarterly report, Adjusted earnings available to Common Shareholders of $22.3 million , or $0.11 per Common Share, an increase of $0.8 million quarter-over-quarter, net of dividends declared on the Preferred Shares and non-controlling interest. Factor in they also have revenue from selling planes that was also mentioned in the last quarterly report

[Stwatcher2]

Bed Bath & Beyond bought back 11 billion in stock buybacks and went bankrupt

[flamingogold]

BBBY had been on a 5 year decline before covid even hit from $80 to single digits in 2019. It should have went under during the depths of covid but thanks to the casino that is the market, especially in the US, it became a meme stock and was run up to an astronomical valuation in the mid-$50's. You cannot compare CHR to BBBY. One was a bad business in a bad market, the other a good business