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S&P 500
5,319.31
(
2.30%
)
US TECH 100
18,004.00
(
3.53%
)
Dow Jones
39,446.49
(
1.76%
)
Brent Oil
79.01
(
0.34%
)
Bitcoin
61,288.06
(
-0.73%
)
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Lojiko

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Lojiko

Re: joverke post# 19853

Friday, 03/08/2013 9:46:36 PM

Friday, March 08, 2013 9:46:36 PM

Post# of 26631
As much as I'd like to think that the purpose of the normal course issuer bid (NCIB, aka "the stock buy-back") is to soak up outstanding shares, I can't help but think that it's just there to put a floor under the SP. Not that there's anything wrong with that, I'm certainly not complaining and I'm happy to see the price support, but it would be nice if PTQ makes an concerted effort to decrease the O/S when funds come available to do so, after costs associated with improvements are made, of course.

"I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." -- Thomas Jefferson

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