RE:RE:RE:RE:RE:VIEMED HEALTHCARE ANNOUNCES SHARE REPURCHASE PROGRAM
Thanks for posting all of the cons sections you could find on the net for stock buyback. Like any other capital decision, there are right times and wrong times for a stock buyback. My claim isn't that stock buy backs are great all around. I am saying that this is the right time for VieMed because the market is undervaluing its stock. I am sure when copy pasting you noticed the Pros sections of those very same artciles, so I will spare everybody from reposting them.
Istead of focusing on intent and trying to suggest it is just to serve management, focus on the impact, not on the share price, but on the company's financials. They have extra cash at hand. They don't have an acquistion target or any immediate place to use it. They want to invest it in the market. They can buy APPL stock, but when they look at the market, they see VMD stock is one of the best buys in the market since it is under valued. So they invest in it and if in future they need the cash back to say for M&A, they can issue shares and raise funds.
The appreciation of that stock goes back to the business as tax free interest income equivalent.