In early December, printer and publisher Transcontinental Inc. released financial results for its fiscal year ending Oct. 31. The fourth quarter showed an improvement on a number of measures. In particular, revenue and adjusted net income were both up year-over-year. The improvement plus multiple insider buying and issuer share repurchases caught our attention. Over the past six months, four insiders who are either officers or directors have bought a combined total of 16,300 Class A subordinate voting shares. During the same period, the company repurchased 2,752,300 Class A shares.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.