It is more of an investment that any acquisition they've made. By next year 2016 when the numbers start cming out, they can sell back those shares. What other smart useof their cash...especially since shorts and others have ganged up against whatever mgmt says
Nope, Sack. SSE is one of the least indebted of all energy services and it is one of the least for PPS. When you consider that SSE pulls in over $1 billion in revenue yearly, while its debt is under $2 billion, you will buy with outstretched hands. Forget the noise about someone trying to paint it red on a great day for oil stocks, grab shares if you love money the way I do. CAUTION: I own some 55000 shares. Bot 30000 today.