The company must at this time do something to defend its share price. It may not be the ultimate use of cash now but it at least can boost EPS going forward!
I'm totally surprised by the share price drop. I think it is way undervalued, and based on the announced results I would have expected an increase.
Nevertheless, given the company is still reporting losses, I think a buyback would net be the best thing to do. They should wit until they report profits before doing a buyback.
On the other hand, I think LF could be a good acquisition target, especially given the low share price.
They reiterated on the conference call that short term they have no intention of doing a buyback. They mentioned acquisitions again, but I still have no idea what they'd be buying. I still believe even a small buyback would be a good thing.
Good to see you here acts_111 ... You've been posting a long time and we've shared investments in several companies.
The share price here continues to be a mystery to me and as such I'm neither buying nor selling, just holding at the present time.
Cheers to you and fellow Longs,
Agree. Time to at least announce the buy back, even if a single share is never bought.
Plenty of cash for R&D as well as operations.
Repurchase shares and boost the EPS.
Otherwise this becomes take-over candidate for a low price acquisition. The fight and distraction of a take-over is more costly than a simple buy back announcement.
Some one should buy them out. Then we may get a decent price action. Down .23 cents is nonsense.