Martin Granger must be short NBZFor him to have critized NBZ when they were issuing shares for dividends and diluting stock,he now critizes them for doing what they should have done a long time ago.
They will essentially reverse dilution with $4 buy back.Lower share count. Better per share numbers. Major shareholders get a tax loss on a small percentage of holdings.
Anyhow as of yesterday now have a full position. Metrics are dirt cheap compared to peers.
One thing management never were able to make an acquisition at the bottom to diversify production profile.If you look at their profile they are not oil people mostly accountants.
Nevertheless being a contrarian this is an opportunity.