When the price is lower, it allows for a much larger number of shares to be retired when the buy-back occurs. I'm okay with that.
What I don't like to see, is ASCM bracketing and manipulating the stock price - that is indeed breaking SEC guidelines for blatant stock price manipulation.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.