RE:TBL's share buy back propping up the priceWouldn't exactly call $2.59 propping up the SP on a stock with a price/earnings ratio of 2 ... can't get much lower.
TBL is grossly undervalued but I can't see much changing under the current owners & management.
They desperately need to make changes.
- create more tradable shares .. will only happen if Avarga gives up some of their 75% plus ownership or the company gets bought out.
- provide a dividend
- get some analyst coverage & hold quarterly conference calls
- promote the company to the investment community through interviews,update videos etc.
- make a couple of wise acquisitions
OTHERWISE .. investors holding TBL shares may as well just put the money under their mattress ... because it's dead money!