Sun, Dec 21, 2014, 12:27 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Cobra Electronics Corporation Message Board

  • fabulouspoodle fabulouspoodle Jul 27, 2010 4:02 PM Flag

    ...I guess its the, 'why buy..

    ...at $2.20 when I can get all I need at $2.70' crowd moving in.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yea $2.70 could be very cheap going forward now.

      Do you think a buy back is coming longtime??

      • 1 Reply to valuebabyalltheway
      • I do not know. However, in the context of my 13D filings, it should be clear that my desire, first and foremost, is on having COBR build long-term shareholder value, and one way to do that (besides improving the operations) is to buy back stock that is selling at a significant discount to its book value. Management obviously has its own context for making such a decision, related, no doubt, as for any company, to the company's level of debt, expected demands on working capital, expectations for future financial results, et al. Suffice it to say, it would be wise to buy back stock, should the company return to material profitability on an ongoing basis, should debt levels be reduced further...and should the common stock still be trading around current levels. All within the confines of the company's credit agreement, which does not allow buybacks until next year, at the earliest (and only under certain conditions).

 
COBR
4.280.00(0.00%)Oct 8 3:58 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.