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B-

Review of Photon Control Inc

MAY 17, 2017 - Manufacturer of optical instruments benefitting from the tailwinds of a growing semi-conductor industry. Good growth and a strong balance sheet have led to us initiating coverage at a 'B-' rating.

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Q: PHO announced that they are looking to get approval to list on the TSX "very soon". Once listed on the TSX will the share rise because all of the ETF will have to buy into the stock or will that be accounted for in the listing and will not impact the share price? Also with $3M buyback this should indicate that management thinks the share is currently undervalued.

thanks
Sal

Read Answer Asked by Sal on May 17, 2018
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