Buy Back Shares NOWGiven the weak Canadian dollar and weak markets, this is an ideal time to buy some shares back. Beats any further acquisitions at this time - effectively buy your own company. If PHM's dollars are in US funds, they can purchase about 33 million shares and it would only cost them $13 million US. Wow! PHM expects to earn about $40 C or $30 US EBITDA this coming year. Use half of these cash flows to pick up shares under 60 cents (maybe even get them for 50 cents if lucky). Well that would be my vote but not sure what alternative options PHM has for the cash - shouldn't need for expanding the business organically.