Fiera Capital Corp T.FSZ

Reason for concern?

[hawk35]

Natixis purchased their shares in May 2019 for $12.00 and now selling for a 21%  loss at $9.80.

And they are selling at the stocks 52 week low.

Wish we knew the whole story here.  Seem to be missing something.

[Tommy123]

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[vinebills]

Selling is normal ..........buy at 9.80 via block trade sell in the open market. pocket the difference. 

[Tommy123]

This post has been removed in accordance with Community Policy

[vinebills]

I got an email from desjardins asking if i want to buy at 9.80, part of the block trade. Say i would want to buy 1000, does not mean i get 1000......if oversubcribed maybe i get 50% of my ask. all i had to do today was short it at 10.30 ish.......and make the 50 cents.  

[Konaboy]

Looks like the lowest it got was 10.21  ?!?!?!?

[CriticalMind55]

No, $10.14 was the lowest, still not $9.80, maybe tomorrow, that would be a safe price to DCA IMO.

[vinebills]

In a theoritical world it should go to 9.81, anyone who gets allocated in block trade can sell it in open markets and make the delta. The only risk in waiting for 9.80 is if there are buyers - in this low rate environment pension funds are hungry for high dividend payers with a good track record in business. I dont see lot of downside but again who knows. They bought back stock is positive but a

[theCurse]

That assumes no one/institution wants to add to their position but looking for a quick profit and also tax implications.  I don't know who the offerring was offered to but you could very well have a large chunk of it picked up by a few buyers - initiating or adding to their position.  So there may be a lot of thought wasted thought on making 40 cents.  less 300K volume so far

[vinebills]

I agree - for 40 cents it is not worth it but hey there are folks doing that. Traders from big banks seize such opportunities, not for folks like us. I too bought some yesterday. Give it a week all will forget this and we will move on........

[Shirtlessnomore]

I agree, and those who got those 9.80 shares are reaping a whopping 8.78% yeild, selling them is just braindead considering the company now has an extra 3 million plus dollars a year in dividend savings for those 3.56 million shares, I wouldnt be surprised if we see another raise at the end of this year.