OTCPK:MAUXF - Post by User
Comment by
Traderfanon Apr 27, 2012 2:37pm
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Post# 19845233
RE: RE: RE: Chen on MMT
RE: RE: RE: Chen on MMT So far I have never seen a real sustained move in any share price just because of the announcement of a share buyback. Then you always have this statement that "if we ever buy back a single shares is our own decision and bla bla bla". Why would the market take this serious? Sure you get a bit of EPS increase but given how cheap the stock is I'm not sure whether this is the thing that will drive our share price. We are now trading at a CF of 2 or whatever. If you buyback 15% of the shares out there the stock will trade at a CF of about 1.7. Makes no real difference to me if you know what I mean.
We need some new players buying in and you certainly get a whole new bunch of buyers with a fat quarterly divi. IMO