Post by
Jkcoco on Mar 18, 2024 4:36pm
No buyback last Friday and today?
Noticed there weren't any repurchases last Friday and today. Anybody want to take a guess what's going on?
Comment by
giovinco on Mar 18, 2024 10:43pm
Yes. They ran out of money as per lancebryant's claim LOL I think they are gearing up for dividend reinstatement? If not, internal management reporting was done before the public release and they found it necessary to stop it for some reason. i.e. low on funds or large amount of debt maturing soon
Comment by
EstevanOutsider on Mar 19, 2024 6:02am
took a quick look yesterday and bid-ask spread was 8 cents. maybe getting tougher to do a buyback somedays.
Comment by
lancebryant on Mar 19, 2024 9:49pm
You need to learn to read. I didn't say that AT ALL. Not even close.
Comment by
BlueJay2020 on Mar 19, 2024 7:06pm
I have figured this out - they wanted 2 clear says prior to issuing the earnings release which contained info on cumulative purchases up to the day of the report - they didn't want to risk a last-minute error. As someone who used to produce these for a living, it makes a lot of sense!