Q: Dec '24 - Bought deal offering at $58.80 per Common Share, for total gross proceeds of approximately $460 million.
If the big boys bought at 58.80 would a current 53.00 not be "a good deal"
Do you see any tariff implications or any other down side?
Your comments please.
If the big boys bought at 58.80 would a current 53.00 not be "a good deal"
Do you see any tariff implications or any other down side?
Your comments please.
5i Research Answer:
CPX has been hit hard this year, down 19%, but some of this might be profit taking: it is still up 50% over one year. The DeepSeek news crushed utility companies, but CPX is much cheaper than US companies, and at 12X earnings with a solid dividend we think it is quite buyable today. Most of its business is in Canada and we would expect very little direct tafiff impact here.