Q: hello
it there an offer for buy back shares for parkland fuels or a potential take over?
the value of the shares has been declining for 1-2 years
I do have around 300-500 shares, should I sell or wait for the situation to develop?
target selling price? thanks
Michael
it there an offer for buy back shares for parkland fuels or a potential take over?
the value of the shares has been declining for 1-2 years
I do have around 300-500 shares, should I sell or wait for the situation to develop?
target selling price? thanks
Michael
5i Research Answer:
Please also see this answer from today. PKI does have an ongoing buyback in place for 13.8 million shares. The company has seen activist investors call for it to sell itself or make other changes. The yield is decent and we would consider it 'not great' but a HOLD. In a good market, we think it should be able to move to the $45 area.