Like it’s sister company ERThis would be an opportune moment for EPL to buyback over 5% of outstanding shares. They have the money and trading at 0.095 cents a share this stock certainly needs support. It would be a very small dent in the $7.5 million in cash their holding, in fact this program could succeed on just the interest payments alone.
How can a stock trade below base book value, technically with the assets they have it should be trading 2x even 3x.