Winnipeg, Manitoba — January 2, 2020 — The Financial Post released its list of the best TSX investments of the past decade, outlining the stocks that netted its investors the highest returns. Among them was was the Boyd Group, which returned more than 4,247 percent to those who held units from January 1, 2010 until December 31, 2019.
According to the Financial Post, the Boyd Group was “riddled with debt” and trading just above $5 a share at the start of the decade. When Brock Bulbuck took over as chief executive in 2010, the company switched to a consolidation strategy. It’s stock now trades at more than $200 per share.
The Boyd Group does not plan to slow down in the new decade either; effective January 1, 2020, the company transitioned from an income trust to a public corporation. The transition required approval from registered unit and shareholders, which is acquired on Dec. 2.
As a result, unitholders received one common share for each unit held as of Dec. 31, 2019. After the conversion, there are 20,207,194 common shares both issued and outstanding.
The company has also welcomed a CEO, Tim O’Day. O’Day previously served as the company’s president and COO and will continue to serve as president in the new role. His COO duties are to be reallocated to existing key management personnel, according to Boyd.
O’Day has said he is “extremely excited” for the future of the company and aims to uphold the company’s long-tenured leadership to continue to garner the “outstanding” results of recent years.