RE:Share buyback versus reported losshowchewdoin wrote: Okay, so they have retired $88M in shares so far in 2018 and reported a cumulative $63M "loss" in 2018 at the same time. Doesn't that imply a $25M net profit? Oh, how numbers are spinned by analysts.
the news is playing right into the companies hands as far as buying back shares. Take away the buy back program and the earnings essentially would have been great. They still have allot of share they want to buy and if they can buy it back in the 2.50 range or less, it’s a win for them.
Love that the company is buying back its shares right now, it’s a great long term play and bodes well for the future but for now, the ones holding the bag will need to be patient.
My recap of it is, they are busy, growing and are reducing share counts....it’s aimed and managed very well and that’s good.