Company buying 100 million in stock at a min of $10! That will be about 16% of outstanding shares!!!!
Pretty much locks in a 16% increase per share in earnings if sales remain flat! With there cash flow, they could do this again this year! Sooooo next year the shorts are looking at a company with a increase of 30% increase in per share earnings, even if sales are flat!!!
Depends...I have a core holding and a trading position. I might sell some of the trading position if we spike to $12 tomorrow, but this company is hitting on all cylinders. Great brand, great new products, strong cash generation, solid balance sheet, and a shareholder oriented management team.