RE:And 7 million spent buying back shares....definitely not , sharebuy backs always failure as managment always thinks it is the best company in the world ( ownership bias)
I would rather get a one time dividend and let the stock price tank, long term investors get paid for waiting. ( in either case stock price tanks so why not give a divy to long term holders?)
wouldnt surpise me if the stock trades at 60 to 75 cents but the good news is order backlog decline has kind of stabilized.
Lots of patience is needed on this one for sure.