Buy backs - Pissed away moneyWell it's simply is an Eric Nuttal strategy, buy back stock, burning cash or essentially throwing it out the window, and return nothing to share holders. The cash is removed from the balance sheet.
While they hand themselves more shares and greater ownership.
It looks to me like CPG could buy back shares forever, a market manipulation strategy, because management is not confident that people would buy more shares with a increased dividend.
The company is really run by some shady characters.
I think TOU is 100 times smarter and will only do opportunistic buybacks. Who really cares how many shares are out there, they paid off a ton of debt, if the shares were a screaming buy at $9 dollars why didn't they buy them.
IMHO