Post by
cahclick on Nov 06, 2023 9:48pm
Don’t waist your time
I spent 2 1/2 years here trying to make some headway. Company management has zero consideration/respect for shareholders. They're strictly ego maniac empire builders.
I sold out Jan 2021 at +/-$3.85
Since then CPG has +/- tripled.
I moved all my $ to ATH when I sold Cpg.
Im currently up +/- 25 X with ATH.
This company just isn't happy unless they're way over their head in debt. When the bull run ends they'll sink like a rock.
Yah, I'm not a fan.
All just my opinion
Comment by
filefish on Nov 06, 2023 10:10pm
I think Eric N. will agree with you. No longer will management's promise to return 60% FCF be likely in the short term. They broke their trust. And Ninepoint will likely sell some or all of its holdings. IMO.
Comment by
JohnSP on Nov 06, 2023 10:22pm
You said: "No longer will management's promise to return 60% FCF be likely in the short term.". CPG in PR said: "The Company plans to continue to allocate approximately 60 percent of its excess cash flow to dividends and share repurchases in the interim and plans to increase this allocation over time as it further strengthens its balance sheet.".
Comment by
filefish on Nov 06, 2023 10:51pm
JohnSP, sorry I missed that statement on the PR in first reading. I do remain sceptical. But will look to the market reaction of the stock price in the next couple of days and decide what to do with my shares.
Comment by
JohnSP on Nov 06, 2023 11:24pm
I'm a gluton for punishment, will probably buy more tomorrow if big drop.
Comment by
JohnnyDoe on Nov 07, 2023 6:36am
The markets have reacted negatively to most mergers This merger features immediate increases in share metrics and an enhanced dividend But I think the market reacts negatively I do have some concern though about serial acquirers/disposers because as a shareholder it's difficult to settle in on what you own