ITE. This bloated share structure is a problem. I sent the company an email that I sure will go straight into the garbage can but at 3.5 est '21 earnings it would be more accretive return of capital to repurchase shares vs paying out a dividend.
Who is it that is out there dumping shares? Feels like there is a LOT of cheap stock that is being dribbled out.
So long as the outlook maintains this will be a long term holding. Not stoked that my entry pre-NR is now underwater.
Where powers are assumed which have not been delegated, a nullification of the act is the rightful remedy: that every State has a natural right [...] to nullify of their own authority - Thomas Jefferson
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