With the O/S so high they will have to R/S to get to that price. I don't see 5.6 billion x $3.00 using a PE of 20 do you? Let's say they buy it down to 1 billion shares (not likely) do you see $500,000,000.00 (using the same PE of 20)? That math won't work. Until we get down in share count we will most likely stay where we are.
If someone else knows a better way please let me know.
Slow and steady is the way to go All statements are my opinion and should not be considered an indication to buy or sell a security. Do your own DD.
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.