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Re: rastaraj post# 70847

Friday, 06/29/2012 12:23:21 PM

Friday, June 29, 2012 12:23:21 PM

Post# of 232507
Unfortunately this entire "buyback" business has backfired on KMAG.

I'm not sure what the original intention was when it was first announced some 8 weeks ago, but it seems to have become a "lead yoke" for the stock.

The fact that they didn't give a progress report on the buyback and indicated that the "buyback period" would end with the end of Q2 may be interpreted by some as a sign that JR may not have begun the buyback yet.

I hope this is not the case and I hope we don't revisit the .002s just so JR can buy back before end of Q2.