That gap's looking pretty good. Going into today the 95% price is right around $15 and the share price is about 75 cents lower. Anything can happen today of course, but the tender-repurchase strategy is looking like easy money just now.
Well, if we were in a rip-roaring bull market, that would be one thing. But remembering last time, there was no problem buying back substantially lower than the tender price. However, at this point I'm not sure how eager I will be if and when the opportunity presents - I don't get good vibrations from this outfit.