RE:New sub - 500K bbHappy to see the buybacks taking place. The valuation seems pretty damn attractive at these prices... even if the results were to stay at this level! But considering that company is, in my opinion, very likely to make increasing amounts of money in the future, I find the current valuation quite hard to believe.
Also, having such large amounts of money in cash and financial assets is still dragging the operational performance. We have something like 44% of our market value in cash and financial assets! As soon as that money gets deployed -- especially if it's put into something that immediately generates revenue -- we'll quickly see a nice increase in cash flow from operations.