RE:RE:RE:I hope Briscoe is done with insider sellinI dont know how the Board and senior managment sit there and let their Head of Corporate Governence hit their share price down 25% post decent earnings.
The CEO says better days ahead despite labour challenges and yet noone in their senior mangement team steps up and buys stock when a Board member impedes his own net worth. Who in the world doesnt phone their broker and set up a block trade rather than dribbling it out in the market when they have 12mm shares behind it. THIS IS INEPT GOVERNANCE.
This company generates good cash flow, has its balance sheet repaired and based on the analyst estimate for 2022 EBITDA of $25 to $30 million is worth $1.50 today based on a conservative multiplle of 6. Over $2 if your get a bit more aggressive value wise. I may sound reptitive when i say what is he up to?