Not to mention that even at these levels, which by managements own statements they believe don't reflect the value of the company and are multiples lower than what would represent fair value, none of them have spent a single cent of their own money to buy more shares. So either they don't actually believe the sp will appreciate, or they're so bad at managing their own finances they can't find a few spare $k per month from their generous salaries to invest in their own company. Neither option fills me with confidence.
Ann: On-Market Share Buy-Back, page-247
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