First, run your business fundamentals in a sound fashion, sticking to your core principles. If prudent, then address shorts. Sometimes, prudence may dictate simply holding course if you believe strongly that what you are doing is right, as the bear raid will eventually end. I would do nothing inconsistent with the core plan as the company appears to very successful, regardless of the misinformation generated, like so much feces, from the shorts. Initiating a dividend and stock buyback are great if the money is not needed elsewhere. Apparently it is not. The guys with very large option positions are all in programmed trading so that they do not overweight in any one category. That is fundamental investing. They should not be expected to amend their retirement planning if all else is fundamentally sound. They all continue to hold large positions. Now, the reverse split is interesting, and it would not surprise me if this was instituted. Eventually, this goes away and the PSP returns to being a product of the business.
Has it occurred to us that the shorts are doing management a big favor here with these raids?
The company bought back 3.7 million shares in Q2 at $41.85 a share and now can buy back their stock at essentially $25-26 a share so management has to be drooling over these prices.
LOL @ the guys responding with do nothing. As if the shorts have not declared war on this company. Just ignore the guy stealing money out of your bank account, just keep working hard and keep putting money into the account. things will just work themselves out.
- Buy back every possible share at these levels. If management is justifiably bullish, this should be extremely accretive.
- Avoid any and all insider sales (nothing negates investor confidence like insider dispositions).
Sentiment: Strong Buy
10 1 reverse stock split ...pps = 250.00 and 6 million shares outstanding .if that doesn't shake the shorts .let the shorts take it down to 25.00 again take company private with cash on hand ....for 125 million....
Sentiment: Strong Buy
love the management idea. should put out PR that all insider sales have voluntarily been suspended until year 2014.
buyback.. rather see them use the money for acquisition personally, but of course buyback will help in the EPS area in the long haul.
keep it coming folks.