Company is too quiet and has does nothing since the pre-announcement. They shouldn't wait till earnings. Where is strategy to combat short attack???
Shares are too expensive here to initiate buy backs. Why not wait until lower 30's ?
Because if you believe in your valuation and the price was in 70s you need to support it and keep it above Ackman's average short position or no lower than $42.50 where it was the day short was announced.