GREY:GRFJF - Post by User
Post by
gwrbion Oct 20, 2008 7:24pm
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Post# 15536611
Share Price
Share PriceThe Company's promotes its strong cash balances and that it is now generating positive operating cash flows. It also advertises it is seeking acquisitions of undervalued assets. Its share price is a buck and a bit.
It begs the question of why isn't this company buying back its own stock? Or at the very least announce the share re-purchase program, make the statement that its share price is vastly undervalued, and execute on the program throughout the year.
However, this "cash is king" mantra that everyone is operating under will probably rule the day.