CHC buying back and retreating from the stock market?
Looks like CHC are attempting to buy back shares from the shareholders according to latest on Yahoo Finance. Is this an attempt to bring it back under their own control and away from the investors who probably do not serve CHC’s best interests? An interesting and brave move by the new management. Could be exactly what CHC needed. Getting more control back over their own affairs and business might allow them to be more forward looking and less at the mercy of the short term gain orientated shareholders. It might just allow those who understand the industry and its complexities to make more decisions that will affect the long term strategy. The new leadership has a long way to go still to prove themselves, but if they are moving away from the LEAN and "save money at all costs” culture, they can begin to invest again in the short term for longer term stability, and this can only be a positive move. The squeeze has been tight recently and they have been more focussed on accounts than people, so maybe this is on the turn. Ultimately it is the people in any company that will make it a success. Look after them and the pathway is being laid for a more successful future. Hopefully a new more positive time ahead for CHC?