Always good to see. GLTA
Monday’s Insider Report: Multiple directors have bought the dip in this transportation stock
TFI International Inc.
On May 2, director John Pratt acquired 1,132 shares at a cost per share of US$132.04, increasing his position in this particular account to 2,881 shares. The cost of this purchase exceeded US$149,000.
That day, fellow board member Debra Kelly-Ennis bought 500 shares at a price per share of US$132.97, lifting her holdings in this specific account to 3,772 shares. The cost of this investment totaled more than US$66,000.
On April 29, director Diane Giard purchased 1,000 shares at a cost per share of $187.423 (Canadian), raising the holdings in this particular account to 7,593 shares. The cost of this investment exceeded $187,000.
On April 9, the share price closed at $219.88 - a record high. Since then, the share price has declined 16 per cent.
On April 25, the company reported weaker-than-expect first-quarter results. The following day, chairman, president and chief executive officer Alain Bdard stated on the earnings call, “If you look at our EPS [earnings per share] of Q1 [first quarter] versus last year, our EPS is down. Why is that? Well, because the truckload in Q1 was just a disaster … it’s a very, very difficult market right now in the truckload.”