If I was running ntek and was given $2M, why would
Post# of 96891
Posted On: 02/26/2016 3:47:42 PM
If I was running ntek and was given $2M, why would I want to buyback shares? What does that cash infusion to buyback shares do to help a growing business? I would take that $2M and figure out how it could best be put to work to expand my business as it's all about growth right now.
I'm really struggling to understand people's thoughts that a buyback is the best thing for the company right now. That to me would be one of the worst ways to use cash available to run and grow the business.
If I'm missing something obvious, let me know. Otherwise all I can see a buyback doing is giving comfort to people who are down 75% or more on their investment who consider themselves longs, but yet fret about the pps on a daily basis.
I'll get off my soapbox now.
I'm really struggling to understand people's thoughts that a buyback is the best thing for the company right now. That to me would be one of the worst ways to use cash available to run and grow the business.
If I'm missing something obvious, let me know. Otherwise all I can see a buyback doing is giving comfort to people who are down 75% or more on their investment who consider themselves longs, but yet fret about the pps on a daily basis.
I'll get off my soapbox now.
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