RE:RE:Share priceporksniffer wrote: Lookingforclues wrote: Above never went over I think $5.12 but the shares were being bought back at up to $5.24
What does it matter? They were buying back as high as $7,50 years ago and have been buying all the way down losing all the way costing shareholders tens of millions. Meir's warnings were ignored because of arrogance. It is quite hilarious to watch the market school this arrogant managment.
They also sold those shares to the public above 7.50 years before. Then bought them back for less. That's the past though, the reality is they are buying what they believe to be undervalued shares. Time will tell who's right.
I like what I'm seeing. I think this will be an interesting turning point in Knight. They are very slowly winding down their investments which will provide some liquidity, and they are putting cash to work in acquiring drugs and buybacks. As they start to become profitable in their main business without relying on investment returns this will get very interesting.