Andrew Skafel invested 26.32% of his pre-tax salary, a figure that’s quite modest in the context of Ontario’s income tax rates, which hit around 46% on any earnings over $150,000. Given these financials, it’s likely he’s been deferring income, and in reality, this investment percentage is on the conservative side. The CEO has done a stellar job driving the company forward toward packaging, despite what is shown in the quarterly numbers.
How did he get there?
In fact, it’s very possible Andrew committed nearly all of his after-tax income in the recent raise. So why keep harping on about insider ownership? Sam was absolutely right to call you out: when news breaks, you brush it off, yet you’re the one sitting here hoping for a turnaround imho.
Who cares about what a cfo told you 5 years ago seriously?
| 4231577 | 2023-12-27 | 2023-12-27 | Direct Ownership : | 16 - Acquisition or disposition under a prospectus exemption | +1,000,000 | 0.0500 |
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