GREY:ITGQF - Post by User
Comment by
Methodon May 14, 2018 11:57am
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Post# 28027039
RE:Issuer Bid Announcement
RE:Issuer Bid Announcementpoubelle1 wrote: Why does the company need to buy back more stock. It is already too illiquid.
What we need is more liquidity and we need the 500 million in oustanding funds for investment to be invested. They seem to have trouble with the latter.
If your plan is to create as much value for shareholders as possible then you keep buying stock. This company will be sold in the 24 months in my view. Less shares outstanding means a higher price per share in a sale.
Also, have you tried to buy or sell lately? It’s pretty easy.