RE:RE:WELL Health Announces Share Buyback ProgramHappyAlways wrote: Buy back of shares by the company any company is nice but, I would rather see them buy another company. Yes the stock price is way way to low and I guess a better time than now but, to me it is a waste of cash and can be used for other things.
with a limit of 2.5% of the float (4.8MM shares) i am doubtful they'll buy anything of significance - it's likely just a move to set a floor on the stock price
CRH Medical had a buyback program in place for the last 2 years and DID buy shares every month as they spin off a fair bit of FCF.
i think WELL needs the FCF to leverage to fund their M&A as it is a much better use of their funds right now, as you alluded to.