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Rentrak Corporation Message Board

  • dutchdaulton2000 dutchdaulton2000 Oct 6, 2008 1:42 PM Flag

    Buy Back

    An open letter to management:

    I just got back from a trip to Costa Rica. (surfing was great by the way). And while I was playing I was thinking about what management is doing for "us" the little shareholders. Well, I hope Paul and the BOARD are taking the time to think of us during these economically tough times. Thinking of us in these ways: Using OUR money and buying back stock at these low levels. This is why we are sitting on the cash, to buy ridiculously cheap stock. It makes sense to take some of the money (maybe $10 million) that we are getting money market rates on (less than 2%) and buy our stock which I believe will out perform over the next 5 years. Its just a thought.
    I hope if anybody still reads the board that they would voice this opinion onto the BOARD and/or Paul....

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    • dutch, i don't come to this site very often anymore, but i just happened to check and saw your post. i agree with you, 100%. if great things are about to happen, than the stock has got to be a screaming buy at these levels. i hope paul gets the ok to buy as much as they will sell at these levels. best of luck

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