I just listened to today's call...and I am a substantial investor in this company and have been for many years.
I believe the time is ripe---actually, it's been ripe for several years for shareholders to force this company to do something with its current valuation where it is today and the substantial pool of underutilized assets on the balance sheet and the current valuation that exists.
$2.86 cash per share, $12.06 revenues per share, $6.68 equity/ share. Working capital equal to market cap. I don't believe I'm missing anything here.
Why keep saying "we're looking for an accretive acquisition dovetailing with our management skills and customer base" when it's right in front of you with your own stock. You will NOT find a better value than what's staring you right in the face...and if you won't act upon it, someone else will. I'm ready to put this company into play...or to have someone do it.
Listen to the conf call in the archives if you haven't already to the live call. There were three callers that pushed for the co to seriouisly consider buying stock back and probably much more aggressive than they did in the past. Otherwise in my humble opinion, if the stock lingers at lower prices it will quietly be purchased by aggressive investor or investors that will force some issues. Mngt might want growth but if they make an acquisition that can always have problems in consolidation. Buying the stock back at a discount is a no brainer to benefit all holders.