Open Text (OTEX) was up 3% after adding another $200M to its buyback program…
… to capitalize on the recent AI-linked selling. The decision underscores management’s conviction in the turnaround plan…
… and follows a similar announcement from Kinaxis (KXS) last week, which could be a sign of things to come - given the entire industry has traded off massively…
… and is generating cash, with next-to-no debt burden to service.
