RE:RE:RE:Share Buybacks - catching a falling knifeOldnagger wrote: At current share prices, the entire buyback will cost NVA less than 200 million. that will result in an increased annual cash flow of 120 million , so net cost after 12 months will be 80 million. Still lots of room for other buybacks, or dividends or capex or acquisitions or any other goodies you can imagine.
But first you have to own the shares ( Alvarez2 take note )
And Little Yerry , now you can see why I can get a good nights rest and get up early to get back at it !!
I've taken note, which is why I like the company and continue to follow it, among many others. However.........it's in times like these, which don't come around very often and irregardless of the value, the market doesn't care. Everything gets sold off as panic escalates. I will be buying these companies for pennies on the dollar virtually free of risk and wait patiently for years if need be for it to turn at low risk but very high reward. Imo, we have a ways to go before markets bottom. I continue to sit on alot of cash.