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Nautilus Inc. Message Board

  • astral_tsar astral_tsar Sep 17, 2003 10:13 AM Flag

    No Need for a Share Buyback

    I believe the stock is still significantly underpriced ($13.50 market, $18 to $20 is my value estimate). I'm not looking to get out at a discount ... I want my $18.

    For that to happen, we need the best decisions for the business (profits on exercise equipment), not manipulation of the share price week by week. If management intended to buy shares, they should have done it at $11. I sure as shit did.

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    • "For that to happen, we need the best decisions for the business (profits on exercise equipment), not manipulation of the share price week by week. If management intended to buy shares, they should have done it at $11. I sure as shit did."

      If you believe the share price is undervalued and will rise in the not to distant future and the cash that is available is only sitting idle in the bank it makes sense to buyback shares. The shares bought today at bargain levels can later be used for a strategic purchase, secondary offering etc etc etc.

 
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