RE:Clearing the air around BuybacksPart of the difference will be that Roots strikes me as a very well run company that cares to communicate with their shareholders and they actively try to increase shareholder value. RET is a family run company run to the benefit of the family first.
RET also just came out of bankruptcy a few months ago - I don't see any capital allocation happening in 2022 to be honest. We are at the brink of a potential recession that might have an impact on results (or not).
I'll be honest, even if I was the CFO, I would not be doing any returns to the shareholder right now. I would focus on the operating results and making my way through this year to see what's going to happen - are we going into a recession & can we expect losses in consumer spending? These questions have to be navigated first to avoid another bankruptcy in a year.
If later in the year there was surplus cash being generated, I would do a SIB and buyback the shares as long as it doesn't hurt the stability of the company or potentially just take the company private.