10:00:27 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Badger Daylighting Ltd
Symbol BAD
Shares Issued 37,100,681
Close 2018-06-01 C$ 29.65
Market Cap C$ 1,100,035,192
Recent Sedar Documents

Globe says insider buying weakens Badger short case

2018-06-04 07:52 ET - In the News

The Globe and Mail reports in its Saturday, June 2, edition that Badger Daylighting ($29,65) has been a target of short sellers in the past. The Globe's Ted Dixon writes in the Who's Buying and Selling column that in his view, however, the persistence of insider commitment at the firm weakens the short case. Recent insider buying took place from May 18 to May 25 when vice-president Wade Wilson acquired a net 4,000 common shares at an average price of $28.61. Meanwhile, the stock is up since the release of first quarter results, which saw net earnings of $8.1-million or earnings a share of 22 cents, up from $3.7-million or 10 cents in the comparable period. The Globe reported on March 30 that Industrial Alliance Securities analyst Elias Foscolos had lowered his rating on Badger to "buy" from "strong buy." The shares could then be had for $24.78. The Globe reported on April 18 that BMO Nesbitt Burns analyst Jonathan Lamers rated Badger "outperform" in new coverage. The shares could then be had for $26.88. The Globe reported on May 15 that Mr. Foscolos was bumping his rating back up to "strong buy." The shares were then worth $28.30.

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