It isn't about profits but free cash flow generation. By reducing the outstanding shares, IMCL increases its profits or losses on a per share basis. Assuming IMCL generates profits, this in effect increases its bottom line growth rate.
IMCL looks like a good buy at the current price and I'm in agreement with Dew that IMCL is a potential takeover target.
Dew, if IMCL is ultimately purchased what price would do you think they'll be able to obtain? ~$45 or higher?
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