Q: Hi, share price has declined to $33.86, from a high of $40.88, only a few weeks ago.
This company has a very low share count of 10.9 mln shares with a float of just 7.3 mln. Fairly large holding by insiders/institutions - 35-40%. Decent dividend yield 3.90%. Company's revenue is almost equally distributed between US and Canada. There has also been some nominal insider buying reported recently. Is it just the market volatility and illiquid nature of stock or any other reason for recent softness, in your view? Should we buy/add for dividend and growth ? Thanks
This company has a very low share count of 10.9 mln shares with a float of just 7.3 mln. Fairly large holding by insiders/institutions - 35-40%. Decent dividend yield 3.90%. Company's revenue is almost equally distributed between US and Canada. There has also been some nominal insider buying reported recently. Is it just the market volatility and illiquid nature of stock or any other reason for recent softness, in your view? Should we buy/add for dividend and growth ? Thanks