Seems to be buying a lot of stock and shrinking float to a rediculous level---what's the point of them staying public?
It makes the share price go up. Less shares outstanding, same company value, more $/share.
If they need money for more acquisitions, upgrades, etc, they can do an IPO to finance it.Maybe they're buying back shares to get the SP back up before they do an IPO?If they can get a higher price in an IPO by buying back shares at a lower price, it's a pretty good return on their investment.
Correct me if I'm wrong, but ... haven't they already IPO'd ? Or do you perhaps mean a secondary?