$23 million is all they would need to repurchase the 11.5 million shares they don't already own. They can easily handle that with their cash on hand as well as their planned borrowing.
Barrons' recent record as a contrary indicator has been almost on a par with that of Kramer--although not quite yet.
[a]sustainability has to be proven---this was their first profit in nearly 20 years of existence. If it continues the stock will rise.
[b] untaxed income doesn't get a very large multiple.
yep; love their products and own the stock; they constantly introduce innovative new products and their quality is top notch.
Now its happening at the open too, i.e. they knock it down on very few shares, buy during the day, then knock it down at the close on minimal shares. Conclusion: The best times to buy this are at the opening and/or the close.
guess its the old "shoot the messenger" routine when its the message itself that equally sucks, Similar to a baseball team that fires the manager when the hitters don't hit and the pitchers can't get anyone out.