RE:RE:RE:RE:RE:RBC Capital analyst change ISCFA, that deal with Commonwealth Primary Care is more of a partnership than an acquisition. Did it make a dent in the cash reserves? Not at all.
My point was that, whether the war coffers have 31 million USD or from 23 to 26 million USD, there is plenty of ammo to fund any of their growth initiatives.
Do I trust this management to not fumble the football and not let 30 million dollars collect dust for another year? Nope.
That's why I want them to hedge their bets.
Spend 5 to 8 millions now for a share buyback at discount price, and leave enough in the bank for an acquisition, IF one materializes.
They can easily do both a share buyback and more deals like the Commonwealth Primary Care one.