In the context of this market it does make sense, because this is not an investor's market. The pros are busy promoting pump and dump scam stocks like AMZN, NFLX, CRM, LNKD. A great deal of retail money is going into the weekly options casino as investor's who have lost most of what they had in the past couple of crashes try to regain their money quickly only to lose more and more. Meanwhile stocks like GNW are largely ignored. It's not a bad thing. People who put their money here have found a safe place for it and will eventually prosper.
.30 is 3.4% of the 8.82 stock price. .
Buy back debt?
Or do a slow stock buyback like goldman does. .
Goldman buys their stock back on dips.
GNW or any company can buy back up to 5% I believe in any yr.
As far as I understand they cannot buy back more than that.
Buying back stock on dips would really take the edge off some drops.