Buybacks filed today
Looks like Chorus bought back about $1.2 million in shares in April, just filed today. They're taking down 75K shares some days, which is a good chunk of the total volumes, which are often only 200K shares.
Buying was soft early in the month, but finished the month strongly, with the heaviest buying from April 24-30. Hopefully that's a sign of management confidence.
All told, I'd like to see them taking down +$4m a month and putting them on pace for taking out 10% of the shares this year. The authorization is for 15,160,372 shares through November. So far only about 2m taken out (all in March/April/Dec).
There's no reason they can't find $40m with all the free cash they're putting out.
I fear more bad news on Fund III next week. If you want a laugh go back and read the decks from when they bought Falko. What a fail.