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Don’t trust Wikipedia Charlie. See the talk section on that article: https://en.wikipedia.org/wiki/Talk:Democratic_backsliding_in_the_United_States Wikipedia cannot be neutral which their editors are biased. I used to contribute to some articles on Wikipedia but stopped because the editors wouldn’t allow some facts they did like to be included in the article.

I am tracking the repurchases as follow (with AI, so not guaranteeing the accuracy): Updated 2025–2026 NCIB Running Ledger TSX Approved Program Maximum: 2,187,316 shares Absorbed in Q4 2025: 151,029 shares Absorbed in Q1 2026: 374,883 shares Absorbed in April 2026: 17,100 shares Absorbed in May 2026 (via SEDI): 170,000 shares Absorbed in June 2026 (via SEDI): 499,413 shares Total Program Shares Cancelled to Date: 1,212,425 shares Remaining NCIB Runway Remaining Purchase Capacity: 974,891 shares (valid through September 29, 2026)

I followed the forum and added a few shares June 1.

So YTD we are at 5% of outstanding shares?

I think the multiple is interesting because of margin of safety and the impact to total returns if it expands. It’s easy to buy at the low end of the range when the company is also buying. I’ll let the momentum buyers pay much higher multiples when they inevitably return.

Repurchases yes, whether they are related to TRS or not, we won’t officially know until they report Q2.

300k more in Q2 vs Q1. 675k shares total in Q2 including the 500k in June.

You poor guys. The Democratic Party is in a shambles and a joke. Europe is an economic, military and cultural disaster and is even more of a joke. But all you can do is think about Trump.

This is especially for you, Blake [ @Blake Hampton ], [I simplly coulden't help it!] Danish, translates to English by 'When the clown meets the comedian.'

So its confirmed the big block trades we've seen are repurchases?

Maybe we can find a way to create a car that runs on Bitcoin:

^ 9 out of the 14 unique states above have total Republican control (holding the governor’s office and both legislative chambers), and 11 of them have Republicans controlling both chambers of the legislature. How can Republicans be so rational at the state level while operating as a complete, on-fire clown show at the national level? It's ironic.

CNBC: America’s Top States for Business Area Development: Top States for Business Chief Executive: Best and Worst States for Business

He's a national embarrassment.

I presume your Q2 300k share buybacks does not include June, as it looks like they bought back ~500k that month.

Thank you @thowed!

The hard part is the logic makes sense, but it's not uncommon for new index additions to underperform while new index exclusions outperform which defies the logic. People front run news. I agree, but ultimately the impact might be too small to notice. For instance, suppose in 2027 we average 1.7x book, and in 2028 we average 1.8x book, and in 2029 we average 1.9x book. But they're averages - so there will be plenty of time above, and below, those levels through daily variations in share price. It wouldnt be crazy to think we could be at 1.7x and 1.9x at varying times in both 2027 and 2029. So are you even going to notice the rising multiple? Is it going to be a trend you can trade? Or should we just ignore the average multiple and focus on earnings, earnings growth, and trajectory? I think the latter is going to be more meaningful and we can simply ignore any supposed fluctuation in the multiple unless if it trades beyond the edges of reasonability.

To that end, has anyone calculated how much they have spent on the buyback so far this year? My guess on capacity was $2.4-3b. For Q1: During the quarter we purchased 374,883 subordinate voting shares for cancellation for cash consideration of $631.3 million, or $1,684 per share. Prices in Q2 were a bit lower and they bought 300k more shares.

Wow...early June is right about when the share price hit rock bottom. Openly wondering where the share price would be now if these purchases had not happened. Clearly, not too many buyers out there...except for the investors who know more about the company than anyone. -Crip

Hey, congrats on this, man. I regret never living in NYC for a bit - fluffed my interview. From an oldie - this has always been the case, so no excuse for manosphere. 20s are harder being a good guy, but not impossible, and then all those decent qualities become valuable in your 30s, as it makes you good marriage material - longer-term prize is more important! You know the Munger lines on wives! I agree with @thepupil on roommates if you can - it'll be more fun if you find the right ones (a pain if you don't). Anyway, best of luck with it all!

Jesus fuckin Christ lol society is certainly lost when the answer to everything is “let’s ask AI”….

Translation: when Americans are more "polarized" (meaning they believe stuff we disagree with), America is less "democratic". Also the Economist: we ranked America low because of low political participation. The actual data says otherwise: https://ballotpedia.org/Election_results,_2024:_Analysis_of_voter_turnout_in_the_2024_general_election Now tell me how many European voters participate in the election of the European Commission/President....oh wait, it's zero. So tell me more about your useless rankings...

In Paris everything is getting locked and boarded for todays game. They know no matter who wins there will be riots

I think the buybacks also show that @dartmonkey’s research was correct. They can buy above the daily limit as long as they buy the incremental amount on an ATS and the 2% rule doesn’t apply.