RE:RE:RE:RE:DEBTRe buybacks:
I just cannot understand PEY and VET at least trying to buy a few shares back.
Would this not mean higher $$ per share cashflow and earnings etc.? Higher ownership percentage per share also.
Whether it would result in prices never going below $2 or $5 again is anyones guess regarding margin purposes.
Not only can we expect a plethora of upward revisions by the company, but by the analysts who have to now play catchup with regards to new pricing of commodities and stock price movement making them look bad.
Also the BIG PICTURE HERE is when they get put back into the indexes, after a year of being off an idex and I believe they need 1 billion approx in market cap. Both VET and PEY are getting in that target range. Will this not have an impact?
Will the funds needing to rejig to add these assets may have to think ahead even if they are allowed. If they are not then they have to play catchup again.
My problem is hoping that I can hang on long enough without selling when prices rise further so I don't miss out on a substantial rebalancing of my portfolio.
Even if you have cash how do you have enough for income?