I would like TCX forget the buy backs and begin to distribute the dollars to the shareholders, buy backs have yet to drive the stock north and an immediate spike well over $2.00/share would take place if the rolled out the $5 mill buy back money to the investor... that would be about a $0.10 dividend at a $2.00 share price that is 5% better than any dividend in the market today... this would be immediate bump on this news... the buy backs are making me increasingly nerous without a significant pop in price as this could become an opportunity to take the company private and likely the small shareholders get screwed. With the company buying back over 25 million shares over the past 4 or 5 years it is now time to send some $$$ our way. I hold the stock and have for many years accumulating on dips... now holding 100,000 shares. I suggest you start writing the board of directors requesting special dividend payouts.
A dividend may be the next step down the road, but they need the stock price up first. This may be the last time they do a Dutch Auction due to "no large takers" left w/enough Shares. Also, they have retained enough Shares to easily payout Reinvestment Dividend Shares. All things in good time though, I guess.