Re: Share buy back??
in response to
by
posted on
Nov 12, 2009 01:51PM
There is no benefit at this point in time imo, to a buy back. It depletes cash, which is why we have the sharecount we do, and diminishes the company's ability to leverage the business.
At this point in time managment should have all resources focused on growing the company.
If they don't continue to grow any momentary pop in the pps due to the effect of a buyback would dry up and the pps would drop.
Investors don't buy based on the share count being 250M vs 300M, they buy because the company is showing signs of growing and innovation.