Normal
Still buying back shares... Stupid idea. Was stupid 18 months ago. Still stupid today. Could have had better return of paying debt, investments in cost reductions, or minor acquisitions. Whats the investment case for a company which pays a minor dividend and has limited growth? Takeover? Cash generation is still ok but is it worthy of a $3 billion market cap/$21 share price?
Still buying back shares... Stupid idea. Was stupid 18 months ago. Still stupid today. Could have had better return of paying debt, investments in cost reductions, or minor acquisitions.
Whats the investment case for a company which pays a minor dividend and has limited growth? Takeover?
Cash generation is still ok but is it worthy of a $3 billion market cap/$21 share price?
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