Quick bump here.
HK has been closed the couple of days and remains closed tomorrow, reopening Wednesday. I think we've seen material buyback in the last couple of days with chunky bid volume around $23 and $23.10.
Strategic deal? tough quarter? hoarding cash for Studio city? It leaves a very big question mark if they aren't aggressively buying back at these levels.
Are they actually going to be able to buy back after today with the end of Q1 and prior to earnings release?