Normal Course issuer bid? I'd like to get the opinion of this board as to whether Bragg should start to buy back shares of the company. Here's why I think it would be a good idea.
1) shows the market that the company has confidence in the stock
2) no trading volume causing price to be undervalued
3) we are cash flow positive - not taking into account the depreciation
4) company needs to focus on current acquisitions (spin & wild streak) so need to purchase another company not near term
5) best possible place to put cash on hand to yield a return (buy at $5.50 so that they are in a position to do a private placement in future at increased price)
Thoughts?