RE:IFP is in good position...All good points + the fact that they must have reduced the share count a bit in May and probably a lot more in June.
Let's not forget that they were in a blackout period prior and after the GP acquisition.
June 10th. is the last day they have to file.We will know if the bought some shares in May and on what days.
In any events,at these low stock prices, i would bet that they are buying the maximum amount every day in June (88590).
The maximum they can buy back in a month is 2% of the float or about 1.3 million/ month
So at 88,590/ day,that's 15 days of trading.Beside the max/day, they are also allowed to buy blocks if available boosting the 2% threshold
Here is what i found on blackout period.Can't be sure if it's the exact number of days that applies to IFP.
In fact, many companies apply the same "blackout period"—forbidding all trades—to corporate repurchases as they do for insider stock purchases by individuals. For example, a company may decide not to trade during a period that extends from 10 days before through two days after any earnings release.
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For quarterly earnings, the blackout period could systematically begin on the last day of the financial quarter and continue until one or two trading days after the company files its financial results. This way, the public has a fair amount of time to dissect financial results.Apr. 25, 2019