"they stated from the beginning they would only be buying shares if doing so was accretive to EPS. Since they use their cash as a means to generate revenue accretion only occurs when the stock price drops below $5. When that happened a confluence of events kept them from buying back many shares, namely the expiration of the plan (since renewed) on 6/30/12, and the quiet periods surrounding the dual listing announcement and the Q2 release."
We'll see who turns out to be right in the end. I recommend you start looking for a good recipe for crow.
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