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Friday, June 07, 2019 1:52:58 PM
It's why I prodded them on the buyback. If they think they can do it (and they would know based on what's happening with Tier 2 this quarter), then $1M allocated to a buyback now is easily done with the cashflow generated later this year. It also gives them an option to seriously consider depending on how worried they are on the stock price vs the future.
One thing I pointed out was that the "premium" they have always received on their stock price for the large future potential is now gone. They don't want to risk losing it forever. It gives a higher p/e going forward which gives options to the company for expansion plus rewards shareholders (and management's shares) more. As such, they need to show confidence in the company now and a buyback announcement would do it.
Heck, they many not even need to buy shares. Just an announcement might swing the tide and change the momentum back upward. It's so oversold now that any little push would do it.
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