Re: Stock Buybacks and Dividends
in response to
by
posted on
Feb 19, 2010 10:48AM
I am on record as stating I too felt we should begin a very aggressive buy back program but a number of intelligent posters such as yourself pointed out how the logistics make it darn impossible. Not enough volume to allow for significant repurchase. However, IF they had been doing a little every day for the last 2 years, they would have made a dent in the float. SO I am still inclined to agree with hotflame that I wish they would keep nibbling at it every day. At least it would keep it at 14 cents. And it would help increase the volume so they could nibble a bit more each day. Even at 30 cents, I would like to see them buying 100,000 shares a day if possible. After 50 cents, I think I would rather see the monies go toward divies.