Post by
speedy99 on May 10, 2022 9:59am
buyback of shares
Due to overall market conditions, I am not expecting fireworks for WELL's share price following release of 1st quarter numbers prior to market open this Thursday. However, I do recall previous information that further buybacks of shares were restricted until 1st quarter numbers were released, so I am hoping that after Thursdays release of numbers we will see some further buybacks (they are authorized to purchase app. 5 million shares) of shares, which should lend some support for the day to day share price. Overall, considering the market we are holding up well in comparison to others in the tech/growth sector.
Comment by
LTInvest1234 on May 10, 2022 12:14pm
Correct. The Company is in a blackout period until the financials are released. Not sure how much cash they will want to allocate to share buybacks, but buying back at less than 50 cents on the dollar from most of their equity raises can't hurt.