Just to be clear For those unsure what a share buy back can mean
when a company buys back its own shares the shares are not withdrawn from the float but rather to firm the price of the secrity
The other aspect is the company feels the share price is so low that by buying the stock and banking the shares acts as a great play to sell the shares once a share price point is accomplished
The proceeds of the sale of such can than be used to pay down debt in an quicker fashion
At the same time, the shorts are in a catch 22 , because buying back shares encourages them to move on until the share price increases to a level of being over bought
One has to figure the free cash flow must be good because merus has a high debt repayment schedule . I am glad to see that because when rates are as low as this one needs not to be sloppy by not paying down debt quickly to increase profits on a go fwd basis
If this company stays focused and does not overgrow itself too rapidly, this could explode to a much higher price twenty four months out