and paid $10,000,000. in income taxes. Can someone explain that to me please?
right, in my case in for a dime, in for a dollar...meaning I have added some shares lately. Unless they go belly up there does not seem to be a whole lot of downside at this point....but....
it will be really interesting to see how much stock got purchased during this quarter under the buy back "program" Fact is if they are not purchasing now it is not ever going to happen ....just more wind from Tran et al
if there ever was a time for management to dive into the buyback it is now. They should be buying as fast as the stock is offered and "put their money where their mouth is". Period.
You are quite right on this. However, I don't see much of a downside at this point and for that reason have added shares. Management owns so little stock that it really is open for a buyout but then question, based on what we know, is ...who would want it?
Reading the conditions of the buy back there is no reason to believe the money will ever be spent. Somewhat of a red herring under the present circumstances.
Fact is they went from a .27 loss last year, same qtr, to what ? a positive .10 this year. The main problem I have is just what did the $40M, cash, purchase ( they should have used THAT cash to buy back shares) accomplish if revenues are falling as stated/projected? IMHO they should buy back the shares asap but probably will not as the buyback announcement could be another form of window dressing, aka positive spin, since there was not a whole lot of good news.
Wait a minute! Did you really expect that they would let the $8B LOC expire the end of Jan.? Do you think they would say "we are only renewing for 6 months as our IPO will be before that" ? Get a grip!
there really is not much to say in regard to these quick buck artists showing up and gaming the stock. It is what it is and unless or until Sigma can show substantial progress in earnings, revenues and margins not much is going to happen. JMHO