- Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
- Nuvei Corporation Subordinate Voting Shares (NVEI)
Q: Its great when companies that are under short attack, such as LSPD and now also NVEI, post earnings in successive quarters to prove up their business and invalidate the short thesis. But why stop there? Why do these companies not take the opportunity to very aggressively buy back their own shares? Even if it requires adding some leverage to the balance sheet with cheap debt if needed. Reducing the float is good for earnings, good for existing shareholders and very bad for short sellers.
The passive response of Canadian companies under attack invites more attacks. Carl Ichan killed some very committed shorts in Herbalife, a truly garbage company, using more aggressive tactics.
Thanks.
The passive response of Canadian companies under attack invites more attacks. Carl Ichan killed some very committed shorts in Herbalife, a truly garbage company, using more aggressive tactics.
Thanks.