NOTHING better than management having a HUGE carrot that only becomes valuable if the stock price goes UP!
That is what the shorties HATE! They see stock buybacks, eager employees, potential buyout, etc. Shorties are still licking their wounds from the stock run up during the last year. When the CURRENT stock buyback ends, approx. 15% less shares exist.
REMEMBER ALL stock purchases are ACCRETIVE to earnings up to $15/share. A NO BRAINER!
Duh - really - DUH With the credit line they have a LOT of money to buy stock with. With the stock reduction profits could remain flat (which is HIGH) and the per share could be up as much as 20%!!!!!!!
This is your disaster???? DUH
Maybe you missed the conference call? All stock purchases are accretive to a price of $15!!!!
I hope that when the current money runs out, they use the LOC, then get another 100 million to buy back more! Shares are CHEAP!
Everyone knows this but the shorts. (& DATbeDUMB) Thanks for the laughs! Keep shorting!