Q: Any thoughts on why the jump in TIXT this week after the big sell off last week?
5i Research Answer:
Telus Corp. on Aug 15 announced it had purchased an additional 2.3% of TIXT. The first pop in the stock was likely it buying, and the second likely due to this specific announcement. This raises the possibility that T will continue to support the shares, or possibly buyback its subsidiary. Shares though still remain half the level they were two weeks ago, and we would not get too enthused here.