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Since third-quarter earnings results came out on Sept. 6, Transcontinental Inc. stock has shed more than 25 per cent. Investors were disappointed with the contribution from Coveris Americas, which the company acquired earlier in the year. However, insiders appear confident they will meet the profit objectives related to the acquisition. Five insiders have spent $1.35-million buying shares in the public market as the stock has tumbled over the past month. The biggest buyer was director Richard Fortin, who acquired 43,000 Class A Subordinate Voting Shares at $22.94 on Sept. 28.

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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.

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