Post by
BSdetector2016 on Sep 27, 2017 7:52am
Steve King : Initiate a share buy-back
Retire some of the float and the dividend that those shares pay, and increase the share price now.
Comment by
maypeters on Sep 27, 2017 9:11am
Steve has already indicated that if they changing new opportunities and partners generating 15% IRR then they will not use the money to buy back shares. No point in buying back shares and raising capital through a new issue. At least no DRIP in place.
Comment by
BSdetector2016 on Sep 27, 2017 9:42am
He's got to try something different; current strategy means share price is stuck in neutral and subject to psychotic price movements. I'm losing patience with this boat anchor stock as I am sure the vast majority of holders are. I know "the dividend is great" but what about the capital destruction?
Comment by
craighenry on Sep 30, 2017 3:08pm
"Stock buy back on several stocks I own".......yeah tickertwit?? What stocks are those?
Comment by
maypeters on Oct 01, 2017 1:20am
I remember the time all the US big companies were borrowing debt for low rates and buying back stock in order to keep increasing the EPS. If you cannot increase the earnings then reduce the share count. IBM hadbeen doing that for years - the revenues have been going down each year. Not sure if they are still doing it.