Printer and packager Transcontinental TCL-A-T has hit our INK Edge screens on the back of insider buying and relatively cheap valuations. The stock also shows some relative price strength advancing about 8.4% over the past three months. In addition, Transcontinental has restarted its share buyback program repurchasing 690,764 shares since June 17 (not on chart). Meanwhile, on June 21, CFO Donald LeCavalier bought 3,400 Subordinate Voting Shares Class A at $14.78 in the public market and on July 10, Senior Officer Patrick Lutzy bought 1,500 Class A shares at $15.20.
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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.