Minerco Inc (MINE)

[peafunke]

They should NOT do any buy back now or near term. The money should go back into expansion which fends off or slows down any dilutive events. They need to ramp up even more production to break even before they do any buy back. RS is another option but they would burn a lot of longs. So I doubt highly they will go this route ( I will retract this if the AS increases again)

To say they should buy back now is only a statement of selfishness and wanting to make a quick buck. If much rather invest in a company that invests in itself not making it's investors a quick profit.

The company is expanding and slowly taking steps to increase growth. Slow and steady wins the race. Although I am not happy with performance. Especially when compared to another bevie company that has far less potential.