Recent

% | $
Quotes you view appear here for quick access.

TBSI INTL PLC IRELAN Message Board

  • white_sox_curse white_sox_curse Jul 15, 2008 9:57 AM Flag

    What management should do

    The company sold 2 million new shares in May at $51/share. That gave them about $100 million of new funds for vessel acquisitions. They can buy back all those shares for under $70 million. For shareholders, that's $30 million of new cash without any extra sharecount from latest secondary offering. Seems reasonable use of company assets.