RE:RE:BuybacksI agree to differents very nice scenario, depending on opportunities management will see. They for sure have a lot of free cash flow expected, if they don't go for buybacks, I hope they will invest outside mobility to improve market acceptance they are becoming a diversified industrial
company. How about an acquisition to get a real foot in the door of a fourth segments? Perhaps a significant size and capacity to build a bew growth platform?
Just like you said Jonathan, they don't have money for double digit growth AND buyback without increasing their debt levels.
With a low stock price, I'm good with buybacks, or else, with a higher stock price, I'm a big fan of LNR that has this capacity to find organic growth and acquisition at a regular and disciplined pace.
In lower rates environment and a higher stock price, organic growth with decent returns will be worth more, lately with higher rates, acquisitions were great for a company with a strong balance sheet.
I hope whatever they do they bring attention over what they have done in the last few years.