GREY:PCCLF - Post by User
Post by
matisse2003on Apr 17, 2009 12:47am
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Post# 15925395
Buyback
BuybackSome posters seem anxious for a buyback. This has not been necessary. The float is 171.6 million shares. A lot of money was raised at much higher levels last year and the funds which bought the stock have been deleveraging. Buybacks can be effective if properly executed. The mgmt and board have done a great job and we have all been "luckier" than most. I would prefer mgmt to wait let the mkt take its course over the next quarter and keep its powder dry. Those of us who are in this for the long haul like the mgmt and board can keep accumulating.