Is RET looking at CTU??Typically share buybacks are a lazy decision when you don’t know how to invest excess cash in an accretive way for shareholders. Reducing an already nano cap float will just lead to an non liquid stock.
Looking for bargains in retail on the other hand takes much more flair to either strengthen your portfolio, or just flip for a nifty profit. CTU (Le Chateau) comes mind. A company founded in 1959 has had it’s share of ups and downs. Key is to get it on the cheap at 3 cents and use your existing talent and network in place to bring it back to the $60 level plus dividends they experienced a few years ago before the 4-1 split. The $5,40 per share in existing tax loss carry forwards on the books ensures that your not paying taxes on that turnaround.
Now that’s a challenge for a company to use its cash wisely!!