This is what it will take to stop the short selling hedge funds that are decimating this stock. 15 million shares over 2 years $10-$20 price range (average price $16). This is what the doctor prescribes. Otherwise, I don't want to see what is in store for us. COCO has the ammunition ($$$)to do this.
I wasn't talking about using their cash on-hand. I was looking at their cash flow. They will have $280 million in cash flow. They could use 40% of that cash flow per year over two years to execute the share buyback that I prescribed.
I would be surprised if there was a share buy back. The fundamentals relative to new government regulation, which is warranted as well as loan defaults and hiring within your field are presenting systemic issues which have to be corrected. If there is a buyback then the company sees intrinsic value, if no buy back then they see intrinsic problems!
There is intrinsic value. The use of current cash flow to accomplish share buyback + a debt reduction will position them well for any decline in revenue that might result from future regulation. I see no more than a 20% decline in revenue (Eisman is banking on a 40-60% decline in revs).