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ChinaNet Online Holdings, Inc. (CNET) Message Board

mscrouse2001 1 post  |  Last Activity: May 9, 2014 4:24 PM Member since: Feb 21, 2002
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  • I don't think management understands that if they buy back a $13+ asset for $8ish, they are earning a 50% risk-free return to the shareholders in terms of book-per-share value accretion. There is no project they can undertake that would do that well with such little risk.

    This is a no brainer. I wish management would wake up and smell the coffee and/or some activist shareholder would step in.

    I am not saying it has to be a huge buyback -- I'm not against plans to get expand to different revenue streams, but it is a big mistake (IMO) not to be buying back at least a few shares here.

CNET
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