RE:RE:RE:RE:RE:RE:RE:FinancialsIseevalue wrote: Money talks. If we keep plugging along at even half these earnings then we will be doing okay.
Earnings of only $0.01 a quarter represent a gain of $0.04 annually which is over 10% on a stock like this.
Roger likes to undervalue his portfolio so he can keep buying up shares anyway
As an investor that is trying to produce capital gains, I'm not really interested in "plugging along" or "doing OK"
"Roger likes to undervalue his portfolio so he can keep buying up shares". Ok I agree with that, but it doesn't hlep his shareholders produce capital gains (i.e.maximize shareholder value).
Oh and you forgot that, in undervaluing the SP he can keep paying himself options annually (at lower exercise prices than what might otherwise be warranted in relation to the FMV). People forget that whereas buy-backs increase the NAV per share, options do the opposite through dilution. In fact, the whole buyback & option game, is in fact a transferance of ownership from retailers (who do not get options) to insiders (who do). Retailers
only win when the SP appreciates toward (and beyond) its underlying FMV.
I personally would not vote in favour of more options if the portfolio performance does not at least exceed the overall Cannabis market performance.
MM