I guess 50 Million, which at the current pps only buys 1.4 million shares, is not enough to stir the pot here.
I wonder if they're waiting for it to fall further before they start buying back shares.
If we fall below $35.42 we will be down to upper 20s
I tend to agree with you on this. It sure looks like it wants to go lower. On the sideline waiting for now.
Looks like they stated buying this morning and so have I with caution of course..
I think you are right... $50MM buyback at $38/sh only represents 1.75% of shares outstanding. So, what's the big deal here?