I guess 50 Million, which at the current pps only buys 1.4 million shares, is not enough to stir the pot here.
I wonder if they're waiting for it to fall further before they start buying back shares.
I think you are right... $50MM buyback at $38/sh only represents 1.75% of shares outstanding. So, what's the big deal here?
Looks like they stated buying this morning and so have I with caution of course..
If we fall below $35.42 we will be down to upper 20s
I tend to agree with you on this. It sure looks like it wants to go lower. On the sideline waiting for now.