RE:RE:RE:RE:RE:Analysis to express to Vermillion Management- Any Thoughts?Its true, you need to embrace it with conviction of your preceived value of the stock.
If they paying 15, 16, 17 dollars it really sounds cheap when the company can buyback every share in less than 3 years out of FCF at the current price.
In terms of FFO, if they invested nothing into Capex, they could do it in less than 2 years.
It is the most compelling case for a buybacks that i have ever seen.
The situation the company is in requires them to switch to a more opportunistic strategic mode, where they have done a great job in their regrouping efforts, now it is time to turn that into shareholder value.
The operations supports a case for a much higher share price, management needs to have the conviction to get it for the shareholders.
IMHO
MHP