Companies buying back stock during the CoronaPanic

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.

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Atlantic Power is sure making some good decisions. I continue to be impressed by management.

Kirkland Lake had a press release. Share buybacks.