So far this week, the following TSX companies have reported buybacks (at prices where companies actually add value by doing this!):
5N Plus (TSX: VNP)
Cascades Inc (TSX: CAS) – Note: they sell TISSUES and TOILET PAPER and you’d never guess we are in the apocalypse by looking at their chart
CIBT Education Group (TSX: MBA)
First Majestic Silver (TSX: FR)
Goeasy (TSX: GSY) – wow, they’ve gone off a cliff
Granite REIT (TSX: GRT.UN)
High Liner Foods (TSX: HLF)
Melcor Developments (TSX: MRD)
Melcor REIT (TSX: MR.UN)
Mullen Group (TSX: MTL)
Osisko Mining (TSX: OSK)
Rogers Sugar (TSX: RSI) – trading at a 5-year low. Company is still slightly debt-heavy IMO, but buybacks at this price does make sense
I also have read Atlantic Power’s (TSX: ATP) press release where it is pretty obvious they have been purchasing common shares and preferred shares in March, quite above their normal rate.
Atlantic Power is sure making some good decisions. I continue to be impressed by management.
Kirkland Lake had a press release. Share buybacks.