Why do you do a pr announcing the stoppage of the buybacks program? Stupid. Just stop buying. It like telling the short hedge funds that the company will not step in a support the stock. Forget an accretive buyout, BTN should be the company that is bought out.
tiger..... I agree with you..... this is one of the rare companies that should be sold or bought out by management. At this point I'm thoroughly disgusted by the price collapse and apparent insider leak for what I consider "no good reason".
Obviously, BTN has found a company they wish to purchase that was more than their earlier budget allowed..... we'll have to trust management on this purchase, but suffice it to say the acquired company needs to have fantastic, visible long term growth potential.