OTCPK:INPCF - Post by User
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Bywrongon Dec 07, 2017 10:35am
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Post# 27108754
Oh crappers...share buyback is here
Oh crappers...share buyback is hereWell...I used to think mngmnt here was aligned with shareholders interests....but wasting shareholder $$ on share-buy-backs indicates to me that they just want to juice SP so they are not so far underwater on their $1.80 purchases...and more $$ for their options.
Seems they have no better use of shareholders $$ to build the business, improve profits, increase dividends that would result in a higher SP..let's take a shortcut.
Going back to the Boeing case...over the past 5 years, they spent $10B on dividends and $23B on share-buy-backs.
If you are a shareholder....$23B did SFA for you..unless you sold...but then you are no longer a shareholder.
JMHO