GREY:TBTEF - Post by User
Post by
PUNJABIon Dec 01, 2014 12:11pm
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Post# 23181162
TBE still not good candidate for buy back
TBE still not good candidate for buy backEven at $1.10 TBE is not a good candidate for a buy back. But if the stock hits $50 and lower then maybe it may work.
I am not saying that the price will drop to that level. That is where it would make sense. One never knows what can happen in the stock market. Did anyone expect in June if TBE will hit $1.06 in five months.
First they should cancel drip & start the legal process & have everything ready. Vast number of companies have buyback program but they never buy back. TBE should do the same for short sellers & long term investors’ confidence.