they said they will be opportunistic so hopefully were buying yesterday at 50. If wait too long any ever fell to 45, they are taking chance company could get buyout offer at 60 as would be a little over 30% premium which is standard offer for company like this .
lower the price more shares they get for buyback. Now down to p/e of about 8 , that is crazy. They could easily pay 3% div but longer term buying back is better for investors.
which is nice. Cramer said value here but may take a while to move up. Still too many funds chasing momo stocks and don't want to wait a yr even if agree stock is worth 60 or more. I believe this is classic Buffet company and my guess is he would pay $65 for it if for sale. I think worth more.
yep, if they gave an endorsement , they would have had a job. Now they are on the beach, even if hard to find up there.
It would be next month if India said they were dropping import ban and going back to simple 3% duty on all imports. Gold would go up $100 in one day.