RE:RE:RE:Doug Cooper suggests VMD may need to buy back more sharesBesttobe,
I think you are losing your mind.
They bought back the 1.8 million shares at an average cost of $5.33 as per the press release for the 4th quarter. Todd never said he bought any recently.
The stock is trading at over $9.00 based on recent performance. These guys are very smart, they saw the stock was cheap, and can see where the business is going. They are stronger than ever. They are trading at 2 x estimated 2023 sales, with no debt. Revenus are growing. Earnings are growing along with Ajusted EBITA.
I highly doubt they would pay 9$ because they want to do an aquisition. I guess we will see if they bought back stock when first quarter earnigs come out in two months. We will see.