RE:RE:RE:Can someone educate me re: a share buyback?Ah from the news release, I was looking at the MD&A and updated presentation.
That statement is very forward looking and I would be wary of such quotes. Moreover, I read them in order of likelihood, 1) pay down debt faster, 2)buy back shares 3) dividends.
Paying down debt is great and the sooner the better. I like the idea that they might someday pay a dividend. I don't like the idea of share buybacks because it pumps up the shareprice for the benefit of the majority shareholders and triggers bonuses/stock option releases for the principals in the company. All at the expense of the company It is sometimes a signal that a company has run out of ideas to grow the company and it can backfire if share price drops.
montrus wrote: Skip....first page, end of second paragraph.