RE:RE:RE:RE:Back to January 23 levelIn general, mgmt just seems to be very conservative. I track buybacks on a monthly basis. Last year they bought zero shares in February. Then when they reported Q1, they cautioned investors on the call about supply challenges. Of course Q2 and Q3 were huge growth quarters, and the share priced jumped up. They missed an opportunity to buy back more shares very cheap.
Following the latest two acquisitions, they seemed to suggest on the Q4 call that aquisitions are their preferred use of capital. They raised the dividend, but that uses very little of their free cash flow.