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Re: walldog0 post# 145785

Tuesday, 12/02/2008 8:33:02 AM

Tuesday, December 02, 2008 8:33:02 AM

Post# of 362611
I dont think a buyback would do anything to help the stock price beyond their own buying. Once they are full the situation is the same except we would have 33.3 million less outstanding shares. If they had cash flow, then I might be inclined to agree. However, now is not the time to spend capital attempting to shore up a stock that is doing the same thing every other stock is doing theses days. Ask another question; if they did that and then needed the $5mm, could they get it and at what price? Stand pat and hang on.