Good results but disappointing capital managementAs expected, results for Q1 were strong. Outlook is fine, although sequentially that means the growth rate will slow down.
I'm also disappointed at the dilution at $3.70. Certainly explains the "asks" on the block pushing the share price down. Also, why did they buy back 50k shares at $4.85? That just looks dumb (basically lost $58k in the process). They'll have to answer about how much more dilution is coming down the road. Also, the acquisitions they make better be real cheap and bring in a real high return on capital.