RE:RE:RE:RE:RE:RE:RE:Full year earnings will be $0.21 per share. $0.49 next year.
A share buy back for a small cap, illiquid stock is typically a terrible idea. Why take even more liquidity (which doesn't exist in MCR) out of the market? If they want to see multiple expansion in their valuation, they need to increase the float to attract institutions, not take it away. Plus, they're trading 36,000 shares a day on average. The exchange limits the amount of buyback that can be done on a daily basis to a percentage of the float. MCR buying back 9,000 shares a day and creating a daily market for $18,000 worth of shares is not going to move the needle. They'd be better off to sit on the cash in the event of a downturn and be ready to strike on acquisition opportunities when lesser capitalized companies hit the skids.