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Posted On: 08/20/2019 10:40:32 AM
Post# of 82689
Re: CashStrapped #58239
CashStrapped and others,
I think it is overly optimistic to expect a share buyback for a long, long time. First SFOR has to get profitable, then pay down the various loans, then they have to build up plenty of working capital.
If that happens (as I expect it will), it will be months after SFOR has turned the corner and become profitable. By that time (2021 or 2022?) the share price will make buy-backs much more expensive.
I'm not saying it won't happen because I think it will, but it would be at least a couple of years out, and I suspect SFOR will be bought out by then.
Erie
PS I don't expect a big payout from any of the legal cases, but if that happened, it could change my timetable of course.
I think it is overly optimistic to expect a share buyback for a long, long time. First SFOR has to get profitable, then pay down the various loans, then they have to build up plenty of working capital.
If that happens (as I expect it will), it will be months after SFOR has turned the corner and become profitable. By that time (2021 or 2022?) the share price will make buy-backs much more expensive.
I'm not saying it won't happen because I think it will, but it would be at least a couple of years out, and I suspect SFOR will be bought out by then.
Erie
PS I don't expect a big payout from any of the legal cases, but if that happened, it could change my timetable of course.
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