CryoPort Inc (CYRX)

[H2R]

Board's confidence in business model and outlook

At this stage in the company, I believe the board's confidence is warranted.

Jerrell Shelton, Cryoport CEO, said, "The authorization of the repurchase program reflects our constant focus on shareholder return and effective capital allocation. The authorization of this repurchase program demonstrates the Board's confidence in our business model and outlook, our financial performance, and our commitment to delivering value to our stakeholders. We plan to opportunistically repurchase shares of our common stock and convertible senior notes, while maintaining ample liquidity to support our growth organically and through potential acquisitions."

When the stock is undervalued, this capital allocation makes sense. (and not the only allocation necessarily). Quite opportunistic. I like the pragmatic approach.

Best of luck with your investments!