Who benefits in share buybacks?Jerry Zucker Fund benefits if they intend on taking SXP private.
The best use of excess funds would be to pay a dividend.
Most investors can figure out SXP will have a good 1st quarter and yet stock is falling with results to be released in less than a week.
Most securities can be manipulated . In low liquidity ,tight float situations like Supremex it does not take much to suppress share price.
Anyhow when I see Jerry Zucker fund with all that money tied up and stagnant stock I must wonder what are they thinking. If they intend on making a move what are they waiting for.
I would much prefer a very generous dividend rather than growing company and share buybacks.