ADF Group Inc T.DRX

Buzz on the Bullboards: TSX hits new high amid holiday optimism and sector disparities

[Hich1205]

I agree with your analysis ... however, I don't think that any NCIB will happen. I respect that you know the controlling family at a personnel level, but what they did and the way the conducted

[lifeisgood1010]

Hi Micro, We mostly agree all the time but not on this one. Let me explain my rational. For the sake of it, let say DRX earns $2. At $11 that would equat to a p/e 5.5 Now let say they do a SIB at

[microcaphobby]

I am not sure reducing the float  by buying back sahres is the best decison. A substanitla increase in the dividend orone  time special dividend is more attractive.  There seems to be

[Daudau11]

I totally support the company buying back shares at these prices either via NCIB or SIB cause it just make sense since they bought at much higher prices if they believe they have excess cash and no

[ykzsh8]

Yeah that's what's confusing. Besides NCIB, it's interesting to not see some insider buying at these levels, but on the other hand their positions are already pretty full. Adding a handful

[lifeisgood1010]

For the few who read my posts on DRX, you know how positive i am in the prospects of this company for the many years to come. I like their CFO and also the Paschini (On an humain and operating side)

[lifeisgood1010]

should read ykzsh8 posts, I have rarely read post on SH that are as thoughtful and articulated as ykzsh8. I fully agree with everything he has posted regarding DRX That being said,DRX is once

[retiredcf]

Not sure if it will stay there but the significant bid currently sitting at $9.32 would punch out a sea of Asks all the way to near $12.00. GLTA

[Jonathon Brown]

This past week, the TSX reached a new intraday high, reflecting a buoyant market sentiment as investors gear up for the holiday season. read article.

[Daudau11]

Totally agree with all your points!!  Even though I am discouraged by the price action.  I actually have bids in at lower prices cause like you said fundamentally at these price it just

[ykzsh8]

You're right. In the end, money in the bank will prevail. The company is on track for around 50-60M+ net income for 2024. Divide that by about 27M shares, and you get around 1.85-2.2$ per share

[smartmoni]

Yes, tax loss selling at this point has a lot to do with this downward pressure lately. This started with the internal share purchase and moved onto a major disgruntled shareholder selling his holding

[polygraph46]

Daudau11 I don't believe this is tax loss selling simply because we've been in decline mode for months. And as far as the family selling shares, while it was not a terrible move, I don't

[Daudau11]

Yes, I agree everything that has been doing well has all been related to Trump... just look at Cryptos.  Nowadays anything related to Tech/AI/Crypto goes up only.  Everything else drops.

[lifeisgood1010]

I agree, there could be some tax loss selling. But can't all be tax loss sellers. "This unrelenting downward spiral is hard to bare ...." Unless you are adding to your position like me

[Daudau11]

I now start to wonder if tax loss selling as anything to do with the recent decline now since many who bought in after June are all now sitting on losses..... This unrelenting downward spiral is hard