June 6, 2017

On Tuesday, the S&P 500 was down 0.3% while Toronto was up 0.4%.

AutoCanada was up 4.2% after announcing it might buy back some shares. Buy backs are generally positive for share prices but the real driver has to be earnings. If the company has the cash available and is convinced that the stock is under valued then some buybacks will be a good thing. Be aware that companies do not always follow through on actually buying back any shares after they get permission to do so.

CRH medical was down 4.0% to $7.73 Canadian. Note that the report is in U.S dollars and it trades at $5.75 U.S.  This looks like a good speculative pick and I may add to my position in this one.