TELUS Digital (Cda) Inc T.TIXT

This stock is still cheap.

[coolfooldumbguy]

Its parent company is good also,so that it is a good price to buy at the $5 per share range.

[ssomervst]

Telus Corp. also continues to buy back stock on open market at this price point.

[bartno12001]

Yes telus continues to buy. This really is probably the best money making opportunity I have seen. Stock at lows never seen and parent company buying millions of shares of their subsidiary. Other insiders also bought 100k shares each. I don't think you can go wrong here. I am seriously thinking of taking a risk and buy like 5000 to 7500 shares more on top of 2500 shares I own. Let's see on

[bartno12001]

I got 3000 shares more now. Bought at various prices from 4.7-4.8. Holding 5500 shares

[Frost19]

What do you think is causing price drop from over $5 to 4.70 in the last week? And thats with Telus buying 100k shares a day.

[bartno12001]

there is mainly one seller - capital research global investors. they had sold 5.5 million shares as of August. they have been selling continuously and are pretty much liquidating their position. telus and one other major investor has been buying their shares.  Capital Research Global Investors 7.67 8,500

[Frost19]

Interesting. They sold nearly 40% of their shares in August... they could be completely out by the end of Sept or early Oct. Hmm... 

[Frost19]

Do you think Telus takes back in TIXT? They raised 700M in early August which is basically half the market cap and Telus already owns over half the share count. I'm wondering if they are buying because Global is selling or they keep buying at market and eventually give a small premium in a buyout.  What are you thinking regarding this whole situation?

[bartno12001]

frost there is a chance for sure that telus buys out tixt. TD analyst said a month ago or so but then telus came out and said they have no intention of buying tixt. who knows. buyout could be close to $10 or US$7.50 as per TD. i am accumulating shares and willing to hold. right now quite a few insiders bought so I am following them. it has come down a lot and risk/reward is very good. 

[Buck65]

thanks for a little uplift...hope you're right ...

[bartno12001]

all good. dont worry so much. think of it this way. so much money has been lost by everyone. buying at these prices will potentially enable you to make money while others are just recovering their money. i am pretty sure this late buying today was telus.