Post by
TVR on Jan 05, 2023 3:18pm
Why Buy High when you can Buy Lower?
Looks like AAV just threw away around $20-25 million on the Dutch auction purchase with the share price now close to $8, compared to the buyback over $11. A little patience and market purchases would have saved them (and shareholders) a lot. I am not a fan of share buybacks which never seem to work out to shareholders' advantage. The share price would have held up a lot better if they had gone the dividend route instead. I don't care if management thinks the share price is too low, just dividend out the cash they want to spend and the market will revalue the shares.
Comment by
Margin321 on Jan 06, 2023 4:35am
Bottom line is they shot themselves in the foot with the SIB. What can you say but don't do it again. You only have two feet.
Comment by
RusticHit on Jan 06, 2023 12:39pm
They were in la la land when they did that as most of Investors were
Comment by
RusticHit on Jan 06, 2023 1:21pm
Now in Dog house with Og index Up 2.5 % and it is struggling to stay in green