Forum

Welcome to the Cannabis Investing Newsletter Forum. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

Notifications
Clear all

Stock shoots up after earnings announced. Sundial to purchase a maximum of 102.8M SNDL shares


JP
 JP
(@jpynestergmail-com)
Eminent Member
Joined: 4 months ago
Posts: 41
Topic starter  

The stock sure spiked after hours. 

 

 

 

May be a Twitter screenshot of text that says '7:35 News Detail 56% Sundial to Purchase Maximum 102.8M Shares Under Program, Representing About 5% of Issued & Outstanding Shares Sundial to Purchase Maximum 102.8M Shares Under Program, Representing About 5% of Issued & Outstanding Shares AA Listen o he news (END) Dow Jones Newswires November 2021 19:25 ET (00:25 GMT) © (c) 2021 Dow Jones Company, Inc. Your attitude towards SUNDIAL GROWERS INC. Bullish Neutral Bearish Related Stocks Post'


Quote
D. H. Taylor
(@cannabisinvestingnewsletter)
Member Admin
Joined: 1 year ago
Posts: 314
 

@jpynestergmail-com This makes sense to do this.  They are sitting on a mountain of cash and, instead of investing in a new company, why not invest in yourself?  This is a great way to drive shareholder value.  And, when the stock price heads right back up they can then use their increased share price to buy other companies (at a relatively reduced rate versus today’s stock price).  


JP liked
ReplyQuote
JP
 JP
(@jpynestergmail-com)
Eminent Member
Joined: 4 months ago
Posts: 41
Topic starter  

@cannabisinvestingnewsletter It seems under new management they are getting their ducks in a row. 


ReplyQuote

Leave a reply

Author Name

Author Email

Title *

Maximum allowed file size is 10MB

 
Preview 0 Revisions Saved
Share: