InvestorsHub Logo
Followers 6
Posts 2010
Boards Moderated 0
Alias Born 07/07/2002

Re: Energysector post# 22524

Friday, 10/15/2010 8:08:51 PM

Friday, October 15, 2010 8:08:51 PM

Post# of 65657
Let's stop this buyback nonsense. Unless someone can name a company in remotely similar circumstances to SFMI that has bought back shares, of course.

Also, even if it were remotely plausible that they'd buy back shares, why would a shareholder want them to? Buying back shares is an implicit admission that the company has nothing better to do with the money. If SFMI has the prospects that people here hope they have, they should be spending every cent on development.

Hard work often pays off over time,
but laziness always pays off right now.

Join the InvestorsHub Community

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.