Buybacks
It doesn't instill confidence when the company stops the buyback program. They bought back an additional 200k-250k in June then stopped for some reason. If the company is so undervalued and profitable, they should have a consistent bid in @ 12-13 cents.
Comment by
PlanetURF on Jul 17, 2019 4:13pm
That might be the blackout period? Since the quarter is basically over.
Comment by
tannin on Jul 17, 2019 10:43pm
prefer not to see buybacks...much happier when capital is used to grow profits........when profits grow, share price follows...
To buy back a million shares at today’s price would cost $110,000. They have just under 2 mil in the bank. Do you think having this extra 110,000 would make any difference in their growth prospects? I highly doubt it.