Major Share Buybacks in late May Over 1.5 M by my count, from May 15 to May 31
certainly that would have been supportive of price of late.
and obviously indicative of major cash generation ... and the thought process of how best to use cash proceeds from a ROI perspective.
or maybe just further evidence of a three pronged strategy moving forward, following a multi- year acquisition binge
1. Organic growth via the drill bit
2. dividends to attract a new class of investors
3. Buybacks to juice EPS
Either way, I like where this is going.
MM