RE:RE:RE:Nice buy-backs !!!!gudisgood wrote:
We're steady approaching 115 million outstanding shares. If the shares are undervalued -- which I certainly believe them to be, and Goodman/Samira seem to agree -- they keep adding value to shareholders (potentially significant value!) with this extremely simple action.
At the same time, I do hope they find other productive uses for the money soon. Whenever they spend on money share buybacks, it means that's the best use of money they can think of. It's great to take an advantage of the share price... but it would be even nicer if they had better opportunities. :)
I agree. Although these purchases can be mostly funded through cash from ops or divesting from some loans or funds. If they believe the stock will be $7-8 in a year than hard to beat that easy 40% 12 month return. Especially when they can manage both.