Agree - I would not even consider selling at today's prices - but may buy more... TRS is sitting on a healthy cash balance so a buyback is getting very attractive ($20m buys back more than 12% of shares at current prices). I'm doing some numbers on this and the benefits are compelling. During H1, TRS went about quietly getting the job done while Mr market told them they were going broke - can't see why anything has changed. I think this is just nervous investors (both retail and wholesale) who fret when the price goes down, particularly for retail stocks in the current environment. Until I see some facts to the contrary, I will treat this simply as Mr Market reallocating value from the impatient to the patient.
TRS Price at posting:
$5.62 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)