RE:Some Comments on this Board Don't make senseWell they can't buy back 175 million shares or half an apple... while it will have an effect it won't be to the degree most anticipate.
investit wrote: So I have been reading some of the posts on this board and am perplexed at what I read.
Alot of so called investors keep saying that the Covid sales don't matter because it's a temporary thing and yet 2 years later we are still selling test kits. This has allowed DM amass 10's of millions of dollars.
The cash received from the test kits will now be used to buyback shares on the open market but some people on this board say that this won't make a difference to the share price. Think about this for a moment. If you have 10 people having to share an apple they can only each eat 1/10 of it. But if only 5 people are sharing the same apple then they get to eat 1/5 of the apple with is twice as much.
So how can they say that a share buyback won't really affect the price! SMH
With every positive news release the share price goes down and these same people say the market is pricing DM correctly but fail to see the if DM was priced correctly before the news of the buy back which was at around .165 then how can this news bring the share price down to .14 and still say the price is correct. Makes no sense!
What I have learned over the years working in bank finance selling mutual funds and such and as a Chartered Financial Analyst candidate is that the share price of a stock doesn't always reflect it's true value.
The market is irrational and emotional and has a mob mentality. Opportunity goes to those who are not emotional and use all the tools available to personally come to the conclusion of whether a stock is overvalued or undervalued. The tools and information are there for all to use, so stop listening to people that are irrational and clueless.