RE: Any real wisdom...While originally supportive, I'm now of the opinion that the December announcement of the share buyback, with no specifics attached and a 3 month time line built in ("details will be announced some time in the first quarter) was a either a mistake, or an intentional method of bringing the share price back down. But hindsight is easy.
If the company intends to buy back as many shares as they claim there has to be some kind of premium to the share price on the day the details are announced. The lower the price falls the lower the announced buyback will ultimately be. And the lower the announced buyback price the less money it will cost management to buy back said shares. So shorter term I'm pretty pessimistic of this going higher, and would not be surprised at further weakness in the coming weeks.
But longer term I still think there is major upside value to the share price (the signed PPA agreements, the analyst target prices, the post buyback reduced float, etc, lend credence to this supposition), and I will be adding to my position below $1.30. The buy back plan details alone will add value to the share price. And with only 5 weeks left in the quarter I am patient enough to see if this plays out like I think it will.
Cheers,
El Joro