RE:RE:How low does the S/P of VMD to go before Buyback announced?Thank you for being the first to answer my question and understanding it's context. I think they will trigger the buyback if the stock goes below $8.00. IMO
It is understandable why investors will leave this name for the reasons I already posted. Mainly lower growth guidance, higher interest rates. implied M&A on hold and only 10 mil in cash.
They don't issue dividends for investors to hold, so a buyback is their only option to hold the S/P from dropping further. IMO
Good luck to you....though.