The real issue is whether the numbers are believable. VAVL looks so undervalued but the management is not buying back. There are only two possibilities: 1. the numbers are not true; 2. the management does not care. Either way makes VALV looks bad.
I sincerely hope you are right. I am holding a small position. I just don't feel the management cares the shareholder's interest. maybe it is in their interest to see the pps low so that they can go private at low price.
tired of this bs on chinese companies : Management does NOT have to buy back when price of the company if low !!!.... you use cash to develop your business, as your business develops stocks go up and if you need more cash you can take a loan, get a private equity partners, issue more stocks and so on.
Valv is cheap now and totally undervalued ? buy shares, hold to them and if you can't wait for a few months or a year or forever (like W. Buffet says : the best holding period is forever), just do something else.
The fact management doesn't buy back shares also shows they trust their business future. If they were to buy shres when it is low and issue more shares when the price is correct then it would be a pump and dump issue ?