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công ty Planet Payment Message Board

charliebrowne3034 1 post  |  Last Activity: Jun 26, 2015 10:19 AM Member since: Apr 20, 2012
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    Good time for company rebuys

    by evie12148 Jun 25, 2015 11:10 AM
    charliebrowne3034 charliebrowne3034 Jun 26, 2015 10:19 AM Flag

    I think Planet is not buying any shares. The opportunity to buy was when the stock was trading at $1.60. Planet spent $4 m on those trades.
    What is puzzling is the new $10 m line of credit. When you think that Planet has already some $10 m in cash and the free cash-flow for this year is projected to be $7 to $9 m you begin to wonder why they need the extra money. Could it be that Planet is eyeing an acquisition? If so, this explains why the shares have been stuck here for a while.

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