RE:RE:RE:RE:Pyrogenesis buys more shares 2 days in a row..VERY BULLISH!!If you believe that, then you should opt out and sell, but we both know you are not doing that, we know that your boss is accumulating all of the shares they can to reduce their short position....
We both know intimately that the absolute best time to buy back shares is when they are relatively cheap. We also both know that Pyrogenesis is not McDonald's, and doesn;t need to keep building little franchises with it's capital, so a share buyback makes perfect sense for a company that has chunky income, nice try though ;)
Like I said previously though,you guys help me profit more than any other single force outside of actual company operations, so who am I to ask you to stop!
Cheers!
FlatBeachLife wrote: Growth companies should not be using their money to buy back stock.....the reason they can have a high multiple is becasue they are plowing all their cash back into the company.