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CounterPath Corporation Message Board

  • jrwjr314 jrwjr314 Apr 27, 2013 8:52 AM Flag

    Stock purchaes

    Who is buying.Any evidence taht the. Co is actively buying back now.any numbers?

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    • In the companies News Release dated March 14th they indicate that they can buy only 1220 shares a day through National Bank of Canada unless they buy available blocks. If you review trading in Canada National buy 1220 shares every trading day so that is all they have been buying. I assume they would buy more if there were available blocks but there are none as most of the COmpany is Controlled by Sir Terry Matthews and friendly funds to him like Fidelity.

      Large Cap Techs are rocking and this stock will get discovered one day and it will rip!!

      UC

      Sentiment: Strong Buy

    • Jrwjr, we know from the last (Q3) 10Q that the company has been buying some shares (but not a lot). If you look at daily time and sales data you can see an ongoing effort to paint the tape with small (often just a hundred shares) trades at certain times during the day, most often at the close to keep the PPS from eroding faster than it would otherwise. Without this small artificial support the PPS would be much lower since there has been little information coming from the company to encourage new buying.

      The problem, as it is every year at this time, is that we are in a five month dead zone at the end of their fiscal year when there are no SEC earnings reports out until July 31st. Since the company has never projected earnings in any of its new customer announcements, they could be anticipating a monster 4th quarter from, say, NTT or Huawei or Norway, and we would never know it until the 10Q/10K is released in July. The most Donovan Jones will ever say is that the 4th quarter is seasonally strong. Be still my heart...

      This is NOT how you build interest in a company as a potential investment.

      We can only hope that when earnings finally start rolling in on a grander scale that the upslope will increase for a long time. At some point this will prompt a buy-out, and Terry Matthews and the rest of us can finally get a payday after almost a decade of bag holding.

      Best,

      Doug

 
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