when you consider that the stock went x dividend today, the stock price acutally went up about .10 cents. This is a historic opportunity to buy with the company putting a floor under the price as well. This will work out fine and we will all make a bundle. Not selling, BUYING.
Let's hope your prediction is better than your math. The stock closed yesterday at 8.48, paid a dividend of 10c and closed today at 8.37 so it actually lost 1c. I believe it will pay off although don't have a clue where the cash for a buy back would come from. Don't think there are spare $80 million kicking around at the moment.