Stock price when the opinion was issued
He bought more when it fell because it was massively discounted. Also, management gave very poor guidance about what was happening to a lot of their businesses. Feels their core businesses really has good opportunities on the FinTech side, in the US specifically, and the stock can slowly go up. Pays a decent yield.
Recently blew away numbers. Expanding into a mortgage platform and into the back office of US lenders. High-margin business. Cheque creation used to be 80% of their business but is now 40%. Although we use less cheques, their fees keep going up and up.