Buyback? What are you smoking? The ONLY thing the management of this company is interested in is their salaries and they are totally clueless about running an educational institution. Their legal problems have been going on for years with no end in sight.
Stock buy back? Are you serious? COCO has $28M in cash, and is facing probably $20M - $100M in pending legal liabilities. So are you suggesting that COCO burn the trivial remainder of cash reserves and then go bankrupt? How does that result in a higher stock value?
I rarely agree with D-short, but a buyback right now seems highly unlikely, and extremely unwise. The main reason that executives aren't buying stock at these levels is because the attorneys advised them not to (I was told this by Anna Dunlap). The legal climate is simply not right for buy backs.