do they really think shares are cheap?Market cap is 3.25B, projected next year revenue is less than $900M that is if you believe these projections.Forward PE is 18+, above market multiple.Stock is still very pricey by every measure so who are they fooling by this $150M buyback?
Here's the deal. First they announce $150M buyback to get everyone excited then they give it to their employees. They say buyback from time to time which means it won't happen. Net effect is shareholder dilution and scam.
Buy back is good if they believe they will grow (they will) as they replace money with new money earned.OI think its great!
...for someone has no taste to corpse...
what do you want to do with it then ? It is just sitting on the books and doing nothing. Market is not appreciating their growth why not buy back some shares ?
easy $5 billion take over target
yea! you should short it