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Re: oniro3363 post# 684633

Thursday, 04/07/2022 10:31:56 AM

Thursday, April 07, 2022 10:31:56 AM

Post# of 730623
Why, COOP could now repurchase 6.26 million shares for $252 million (which is the capacity of the current repurchase program) at the current PPS. Each single share would become MORE VALUABLE when the O/S is reduced from 73.x million to 67.x million

But you are right, I also think declaring a dividend would be better to support a higher PPS and stop this manipulation with shorted shares...

IMO...Foolish decision by the BOD, their stock buy back program, hasn't done chit .

Would have been better off, using the money for something else more tangible, like buying another company, or as many have said, a dividend.

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