stock: The Toronto Stock Exchange TSE Broadcast Centre is shown in Toronto on June 28, 2013, according to The Toronto Star. Some 627 million shares had been repurchased in 2018 for cancellation by 209 issuer companies as of mid-October, according to data provided by TMX Group, the operator of the TSE, at the request of The Canadian Press. Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers say it makes sense if you have money in your wallet and find your shares in the bargain bin. Aaron Vincent Elkaim / THE CANADIAN PRESS As a CEO, the way I look at it is, it's a cyclical business. But then when your multiples are up and you're in an up cycle, using your capital to buy other things is good business as well. Buying back your shares when you have good cash flow and a good balance sheet, when your shares are down to really low levels, is actually good business, said Dale Dusterhoft, CEO of Calgary-based well completion company Trican Well Service Ltd.
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Tagged under stock, mid-october topics.